Published Sep 8, 2026, 4:30 AM ET · Updated 2 months ago · 1 source
US Trade Deficit Widening Due to Strong Dollar and Specific Imports
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Original Report
The US trade deficit reached $88.6 billion in July, a 25% increase from the previous month and the highest since the pandemic (excluding pre-tariff front-loading), primarily due to strong foreign demand for dollar-denominated assets, which strengthens the dollar and reduces US export competitiveness, alongside surges in gold and AI-related hardware imports.