U.S. trade deficit surges in July to highest in 12 years

THE U.S. TRADE GAP was a record $63.6 billion in July. / AP FILE PHOTO/ WILFREDO LEE
WASHINGTON (AP) – The United States trade deficit surged in July to $63.6 billion, the highest level in 12 years, as imports jumped by a record amount. The Commerce Department reported that the July deficit, the gap between what America buys and what it sells to foreigners, was 18.9% higher than the June deficit of…

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