AI Data Centers and Pharma Imports Send July Deficit to $119.59 Billion, Highest All Year

AI Data Centers and Pharma Imports Send July Deficit to $119.59 Billion, Highest All Year

The July goods deficit hit a record for the year at $119.59 billion, according to Thursday’s data from the U.S. Bureau of Economic Analysis (BEA). If oil and gas export values are removed, the goods gap with the world for July comes in at $128.55 billion.