Friday, Jul 29, 2016
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Economy

U.S. trade deficit jumps after 4-year low in June

WASHINGTON — The U.S. trade deficit widened in July from a four-year low in June. American consumers bought more foreign cars and other imported goods, while U.S. companies exported fewer long-lasting manufactured goods.

The rise in imports points to resilient consumer spending, which drives 70 percent of economic activity.

The Commerce Department said the trade gap rose 13 percent to $39.1 billion. That’s up from June’s deficit of $34.5 billion, the smallest since late 2009.

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