The U.S. trade deficit ballooned by 32.5% in July, hitting $78.3 billion as imports surged to a record $358.8 billion, led by capital goods and industrial materials. Despite a modest rise in exports to $280.5 billion, concerns mount that trade could dampen Q3 GDP growth. Key highlights include a record-high services exports of $101 billion and a widening goods deficit with China. A U.S. appeals court overturning Trump-era tariffs adds to the uncertainty. Businesses must prepare for potential market shifts and volatility in the face of ongoing trade disputes and currency fluctuations.

Read more at Quiver Quantitative: US Trade Gap Surges 32% as Imports Hit Record Highs