Washington, Sep 2 (AP) The US trade deficit narrowed slightly to $70.1 billion in July as economic recovery overseas helped boost American exports while imports declined.
The Commerce Department reported Thursday that the trade deficit fell 4.3% in July after surging to $73.2 billion in June. The trade deficit represents the gap between what the country exports to the rest of the world and the imports it purchases from other countries.
Also Read | New York Floods: 7 Killed in Heavy Rains Triggered By Hurricane Ida; Here’s What We Know So Far.
In July, exports jumped 1.3%, reflecting revived overseas demand, while imports edged down 0.2%. (AP)
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)













Quickly


