US Trade Deficit Widens as July Imports Surge, Port of Long Beach CEO Offers Economic Insight
US Trade Deficit Widens as July Imports Surge, Port of Long Beach CEO Offers Economic Insight
The United States experienced a significant widening of its trade deficit in July, reaching a four-month high. This surge comes as US imports rose by nearly 6% during the same period, according to the latest figures released by the US Department of Commerce.
Mario Cordero, Chief Executive Officer for the Port of Long Beach, provided expert commentary on these trends. Joining Market Catalysts host Jared Blikre, Cordero discussed the factors driving the increase in US imports and what this indicates about the broader American economy. His insights shed light on current economic health and potential future projections.
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