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US trade: Businesses front-load imports ahead of tariffs in July; deficit hits widest in 4 months
The US trade deficit surged to a four-month high in July, climbing 32.5% to $78.3 billion, as businesses accelerated imports in anticipation of new tariffs imposed by President Trump. Imports saw a significant jump, particularly in gold and capital goods related to AI, while exports experienced only a slight increase.
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