Sharp Increase In U.S. Trade deficit
The U.S. trade deficit saw its biggest monthly increase ever in June.
One implication of this is that the already low second quarter growth estimate will be revised down further.
Another important implication is that this will further aggravate trade tensions, particularly with China.
One implication of this is that the already low second quarter growth estimate will be revised down further.
Another important implication is that this will further aggravate trade tensions, particularly with China.
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