The Census Bureau International Trade report shows that the goods and services deficit was $43.7 billion in July, up $0.1 billion from $43.5 billion in June, revised. July exports were $194.4 billion, $0.6 billion less than June exports. July imports were $238.1 billion, $0.4 billion less than June imports.
The country-specific details may have Trump howling. The Deficit widened with China, the EU, and Japan.
Trade Balance North America and Europe
Trade Balance Rest of World
Largest Deficits Current Month
- China $33.5 Billion
- Japan $5.6 billion
- Germany $5.5 billion
- Italy $2.8 billion
- Ireland $2.4 billion
- India $2.1 billion
Despite embargoes and sanctions, the US has a trade deficit with Russia that tops $1 billion.
Mike “Mish” Shedlock
