US Trade Deficit Hits All-Time Record
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(Worthy News) – The United States trade deficit has increased by a record amount, as data released by the Department of Commerce on Thursday showed.
This means Americans are buying more goods than they export from overseas, representing an outflow of money.
According to a news release from the Commerce Department’s Census Bureau and Bureau of Economic Analysis, the seasonally adjusted U.S. goods and services deficit was $75.7 billion in June, a 6.7 percent, or $4.8 billion, increase from the $71.0 billion deficit in May. [ Source: Western Journal (Read More…) ]
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