SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

USA's trade deficit at a two-year high

» Published: 04 September 2024

USA's trade deficit at a two-year high
Photo: Nick Ut AP/TT

The deficit in the USA's trade balance grew to its largest level in two years in July, according to fresh statistics from the USA's Department of Commerce.

Increased goods imports ahead of a feared port strike contributed to the development.

The deficit grew by 7.9 percent compared to June to 78.8 billion dollars. The development was in line with market expectations.

Imports increased by 2.1 percent, while exports increased by 0.5 percent. The statistics are not inflation-adjusted.

Tags
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

AI can take over jobs – but no concern in Sweden
2 MIN READ

AI can take over jobs – but no concern in Sweden

Tiktok ready to shut down in the USA
1 MIN READ

Tiktok ready to shut down in the USA

Technology stocks drive the market on a cheerful New York stock exchange
2 MIN READ

Technology stocks drive the market on a cheerful New York stock exchange

EU updates Mexico agreement
1 MIN READ

EU updates Mexico agreement

Memorial Ceremony for PG Gyllenhammar
1 MIN READ

Memorial Ceremony for PG Gyllenhammar

Investigation expanded against X
1 MIN READ

Investigation expanded against X

Trump waits to enforce Tiktok ban
3 MIN READ

Trump waits to enforce Tiktok ban

Star Chef Tommy Myllymäki Loses Rental Dispute – Forced to Leave
1 MIN READ

Star Chef Tommy Myllymäki Loses Rental Dispute – Forced to Leave

Better than expected for Saab
1 MIN READ

Better than expected for Saab

Better than expected for Saab
1 MIN READ

Better than expected for Saab

Norwegian giant fund seeks next CEO
1 MIN READ

Norwegian giant fund seeks next CEO

Inflation rise in eurozone confirmed
1 MIN READ

Inflation rise in eurozone confirmed

Bankers to build European transfer system
1 MIN READ

Bankers to build European transfer system

Lower prices on gasoline and diesel
1 MIN READ

Lower prices on gasoline and diesel

NCC Rebuilds Oceana After the Fire
1 MIN READ

NCC Rebuilds Oceana After the Fire

Unexpected setback for British Christmas trade
1 MIN READ

Unexpected setback for British Christmas trade

Solid stock market rise in Stockholm
2 MIN READ

Solid stock market rise in Stockholm

You'll find the cheapest food here
2 MIN READ

You'll find the cheapest food here

China reaches growth target after strong final quarter
2 MIN READ

China reaches growth target after strong final quarter

Down in Japan – up in China
1 MIN READ

Down in Japan – up in China