Markets.News
Despite President Donald Trump's efforts to reduce the U.S. trade deficit through tariffs, recent data shows that the trade gap has worsened. In July, the trade deficit expanded to $78.3 billion, up from $59.1 billion in June. This figure was higher than the anticipated $75.7 billion shortfall and represents the largest monthly trade gap since March 2025. The trade deficit remains almost the same as a year ago, indicating that the tariffs implemented by Trump have not produced significant results. The increase in the trade gap was primarily due to a 5.9% surge in imports, totaling $358.8 billion, while export growth stagnated. This information highlights the challenges faced by the U.S. despite attempts to address the trade deficit.