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The U.S. trade deficit in goods widened 22.1% to $103.6 billion in July from $84.9 billion, according to the Commerce Department's advance estimate released Friday.
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Americans bought more new cars and trucks in July to try to avoid tariff-related price increases, but they spent cautiously on other goods and services amid ongoing turbulence in the U.S. economy.
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US low-value package tariff exemption ends, raising costs for shippers, consumers ReutersEnd of an era: Billions of packages of ‘cheap' goods shipped to the US are now subject to steep tariffs CNNRetail panic: What the end of the 'de minimis' exemption means for brands across the globe CNBCWhen Mailing a Letter to the U.S. Becomes a Global Headache The New York Times
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Gap posted mixed fiscal second quarter results, beating on earnings per share but missing on revenue after Athleta saw sales decline 11%.
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