The U.S. trade deficit narrowed less than expected in July as the trade war between the United States and China drags on.
The Bureau of Economic Analysis (BEA) said Wednesday the U.S. international trade deficit came in at $54 billion for July. Economists polled by Dow Jones expected the deficit to narrow to $53.48 billion.
China’s deficit with the U.S. decreased by $500 million in July to $29.6 billion, the Bureau of Economic Analysis said.
The data comes as the U.S.-China trade war has escalated recently. On Tuesday, President Donald Trump said it will be much “tougher” for China to strike a trade deal if he is reelected in 2020.
New tariffs on both U.S. and Chinese goods took effect over the weekend, dampening investor sentiment across the globe and sending U.S. stocks lower on Tuesday.
Trump has made lowering the U.S. trade deficit a priority. However, the shortfall has actually increased by 8.2% to $28.2 billion from the same period in 2018, according to the BEA.
The Online Publishers (TOP) is an International Campaigner and Online Lobbyist operating in over 120 countries and 65 languages.
Tourism Digital Marketing
Earning Money By Writing Online Product Reviews.
Online solutions for journalists.
The Online Publishers TOP Platform Is No. 1 Choice for Press Release Distribution.
2 Good Reasons Social Media Influencers Shouldn’t Overlook TOP
About Search Engine Optimization “SEO”: What does it involve?!
3 Simple Ways To Make Money From Home With TOP.
Buying Unique Photos Online From A Photos Gallery Through TOP.
Where You Can Find Ebooks To Read And Buy.
3 Reasons to Opt with TOP for Online Reputation Management Solutions.
4 Reasons TOP is The Best Option For Online Reputation Repair.
3 Benefits To Content Creation With TOP Platform.
3 Ways To Find Content Creation Help With TOP.
2 Steps To Quickly Make Money Doing Online Translation Services.
3 Benefits Advertisers Gain By Working With TOP.
How pay-as-you go energy systems could help with access to electricity in Africa.
The Beyond Meat bear who called the stock’s first major plunge says it’s now time to sell.
Songkran Water Festival — Chiang Mai, Thailand.
As mortgage rates plunge, millions more homeowners can benefit from refinancing.
Anthony Scaramucci talks to Bill Kristol about trying to force Trump off the GOP ticket in 2020.
Who Is Winning The Offshore Solar Race?.
