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.