With the value of exports climbing and the value of imports edging lower, the Commerce Department released a report on Thursday showing the U.S. trade deficit narrowed in the month of July.
The Commerce Department said the trade deficit narrowed to $70.1 billion in July from a revised $73.2 billion in June, which still represented a record high.
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Business News
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.