U.S. trade gap widened in June due to import surge, the U.S. trade deficit soared in June

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U.S. trade gap widened in June due to import surge, the U.S. trade deficit soared in June to $44.5 billion. Higher oil prices and increased purchases of pharmaceuticals and smart phones swelled imports.

Explain how the United States pays for its international trade deficit.

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Foundations of Macroeconomics

ISBN: 978-0134492001

8th edition

Authors: Robin Bade, Michael Parkin

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Question Posted: May 22, 2018 01:00 AM

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U.S. trade gap widened in June due to import surge, the U.S. trade deficit soared in June

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Foundations of Macroeconomics

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