U.S. Trade Deficit Widens More Than Expected In July

India, Sept. 3 -- Reflecting a jump in imports and a slump in exports, the Commerce Department released a report on Thursday showing the U.S. trade deficit widened significantly in the month of July.

The Commerce Department said the trade deficit surged to $88.6 billion in July from a revised $71.2 billion in June.

Economists had expected the trade deficit to increase to $83.0 billion from the $73.3 billion originally reported for the previous month.

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Published by HT Digital Content Services with permission from RTT News....