U.S.-Canadian trade deficit soars
America’s trade deficit with Canada shot above $8 billion in July, according to the latest figures from the U.S. Bureau of Economic Analysis.
American businesses exported $22.34 billion of goods to Canada in July, but U.S. consumers purchased $30.68 billion of Canadian imports.
The result was a trade deficit of $8.34 billion for the month, up 15 percent from June’s gap of $7.23 billion.
China was the only country to run up a larger trade imbalance with the United States in July, $24.88 billion.
Right behind the deficit of $8.34 billion with Canada were U.S fast payday loan no faxing. shortfalls of $6.44 billion with Saudi Arabia, $6.33 billion with Japan, $5.46 billion with Mexico and $5.37 billion with Venezuela.