{"id":837337,"date":"2026-09-05T12:38:09","date_gmt":"2026-09-05T12:38:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/837337\/"},"modified":"2026-09-05T12:38:09","modified_gmt":"2026-09-05T12:38:09","slug":"trump-threatens-to-halt-trade-following-news-that-us-trade-deficit-grew-in-july","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/837337\/","title":{"rendered":"Trump Threatens to Halt Trade Following News That US Trade Deficit Grew in July"},"content":{"rendered":"

\n\tAmerica\u2019s trade deficit<\/a> with the rest of the world grew in July to the highest level seen in more than a year, prompting an outraged response from the Commander in Chief.<\/p>\n

\n\tThe U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced Thursday that the goods and services deficit increased by $17.4 billion month over month, from $71.2 billion in June to $88.6 billion in July.<\/p>\n

\n\tThe nation\u2019s exports totaled around $310.7 billion\u2014$6.6 billion less than the flow of goods to other countries seen in June, as the U.S. sold less crude oil and gold to trading partners. Meanwhile, July imports amounted to $399.3 billion, a $10.8 billion increase from the month prior, driven chiefly by technology like semiconductors and computer parts, likely to service growth in the artificial intelligence sector.<\/p>\n

\n\tThe government\u2019s data showed that the goods deficit in particular increased by $17.6 billion to $119.6 billion, while the services surplus ticked up from $0.2 billion to $31.0 billion.<\/p>\n

\n\tRegardless of the rising export deficit, White House senior deputy press secretary Kush Desai painted the news as \u201cmore evidence that President Trump<\/a>\u2019s trade agenda is working.\u201d The year-to-date figures show the goods and services deficit fell by $188.4 billion (29.6 percent) from the same period in 2025. Exports grew by 12 percent\u2014a total of $237.2 billion\u2014while imports increased by 1.9 percent, or $48.8 billion, during that time.<\/p>\n

\n\t\u201cCapital goods imports, the machinery and equipment we need to reindustrialize, were the highest share of goods imports on record,\u201d Desai wrote in a post on X.<\/p>\n

\n\tHowever, the persistent and sizable trade deficits with countries like China, Vietnam, Taiwan, South Korea, the European Union and Mexico remain despite President Donald Trump<\/a>\u2019s aggressive tariff regime and his argument that duties would act as an antidote to global imbalances.<\/p>\n

\n\tThe deficit with Canada did decrease, however, to $3.2 billion, in the face of a tit-for-tat trade war that has been raging for the past month. Canadian tariffs on U.S. imports will take effect on Tuesday<\/a>, which will no doubt constrain the flow of American-made products to the north, so that win may be short-lived.<\/p>\n

\n\tThere\u2019s little historical evidence that the administration\u2019s trade platform has materially decreased the deficit or that the year-and-a-half-old strategy will yield such results moving forward. The July 2026 deficit is bigger than the average monthly deficit seen in 2024, before Trump<\/a> was elected, and it is the largest seen since \u201cLiberation Day\u201d in April 2025, when the tariffs<\/a> first took effect.<\/p>\n

\n\tTrump, for his part, appeared sour over the numbers. In an all-caps Truth Social post on Friday, he threatened to halt trade with partners that have a deficit with the U.S. unless the Federal Reserve agrees to lower interest rates\u2014an objective he has been pushing for some time.<\/p>\n

\n\t\u201cLOWER THE RATE OR I\u2019LL STOP TRADING WITH COUNTRIES WITH WHICH WE HAVE A DEFICIT, which the U.S. Supreme Court, in its ridiculous and very costly Tariff decision, strongly acknowledged \u2018the President\u2019 has an absolute right to do,\u201d Trump Truthed. \u201cIT\u2019S BETTER THAN TARIFFS<\/a>! The Fed Board, with its great new leader, must get smart \u2013 BE PATRIOTS for a change.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"America\u2019s trade deficit with the rest of the world grew in July to the highest level seen in…\n","protected":false},"author":2,"featured_media":837338,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[28,759,27859,3479],"class_list":["post-837337","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-tariffs","tag-trade-deficit","tag-trump"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/837337","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=837337"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/837337\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/837338"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=837337"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=837337"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=837337"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}