The US foreign trade deficit declined less than expected in July

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The US foreign trade deficit was lower than expected in July.

The US Department of Commerce said Wednesday that the July deficit had fallen by 2.7 percent to $ 54 billion from the previous month’s $ 55.5 billion.
Experts expected a smaller $ 53.5 billion deficit by July.
In July, exports increased by 0.9 percent, while imports fell by 0.2 percent.
In the politically sensitive China, the US deficit increased by 9.4 percent to $ 32.8 billion. In July, US exports to China fell by 3.3 percent, while imports from China increased by 6.4 percent.

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