Trade Deficit Hits $63B in July, Worst Monthly Figure in 12 Years
By Kenneth Rapoza, CPA Industry Analyst The US needs a “whole-of-government” approach to re-shore production if Americans are ever going to produce what we consume. The trade deficit hit $63.5 billion in July, its highest monthly total since July 2008 ($67.0 million), though much of the deterioration is due to continued lockdowns and demand suppression…
