Free Trade

Trade Gap Widens as Exports Dip

The rest of the world is no longer doing much shopping

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The U.S. trade deficit widened in July for the first time in four months as the global economic slowdown took a toll on American exports.

The gap grew to $42 billion from a revised $41.9 billion in June, Commerce Department figures showed today in Washington. The deficit with China climbed to a record, and it was the widest in almost five years with the European Union. Another report showed job openings in July declined.