Economics
U.S. Goods-Trade Gap Swells to Second-Biggest on Record
- Inbound and outbound shipments both rose 11.8% from June
- Overall merchandise-trade deficit swells to $79.3 billion
Photographer: Bing Guan/Bloomberg
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The U.S.’s deficit in merchandise trade swelled to the second-largest on record last month as imports climbed to pre-pandemic levels, buoyed by demand for automotives.