Trade Deficit Widens Slightly: China, EU, Japan Up, Mexico Down

Mike “Mish” Shedlock's Sitka Pacific Capital Management,Llc

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.

Author

Mike “Mish” Shedlock's

Sitka Pacific Capital Management,Llc

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