U.S. Trade Deficit Surges to $62.2 Billion in July

The U.S. monthly trade deficit widened more than expected in July to $62.2 billion, marking the deepest monthly deficit since March 2007. The consensus was for the deficit to come in at $58.0 billion, following an upwardly revised $58.8 billion in June, the U.S. Census Bureau reported Thursday. Read ...