Despite Wider Trade Gap, Commerce Head Says Exports Rising

Law360, New York (September 5, 2013, 3:13 PM EDT) -- Though the U.S. trade deficit widened in July as imports outpaced exports, U.S. Secretary of Commerce Penny Pritzker said Wednesday that the U.S. is still on track to export a record amount of goods and services in 2013.

A monthly report issued Wednesday by the U.S. Census Bureau and the U.S. Bureau of Economic Analysis showed that the U.S. trade deficit grew to $39.1 billion in July, an increase of 13.3 percent from June's deficit, which had been the lowest since late 2009. The wider gap...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.