US Trade Gap Widens to Largest Since Early 2025 on AI Push
The US trade deficit widened sharply in July to the highest level since early 2025, reaching $88.6 billion according to the Commerce Department, driven by a major increase in technology and computer equipment imports.
- US trade deficit widened sharply in July to reach its largest gap since early 2025.
- Surge in imports of computers and technology equipment fueled the widening deficit.
- U.S. trade deficit grew to $88.6 billion in July, reaching its highest mark in over a year.