The U.S. trade deficit narrowed less than expected in July as the trade war between the United States and China drags on.
The Bureau of Economic Analysis said Wednesday the U.S. international trade balance showed a deficit of $54 billion for July.
Economists polled by Dow Jones expected the deficit to narrow to $53.48 billion.Donald TrumpNew tariffs on both U.S. and Chinese goods took effect over the weekend, dampening investor sentiment across the globe and sending U.S. stocks lower on Tuesday.
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