U.S. trade deficit dips 2.7% in July, but the overall gap is still huge and growing amid China trade war
September 04, 2019 at 08:33 AM EDT
The U.S. trade deficit fell 2.7% in July owing to higher exports of drugs, oil and autos, but the gap was still running ahead of last year’s pace even as the Trump administration adopted tough tactics to reverse the tide. The deficit slipped to $54 billion.