Reported about 9 hours ago
In July, the US trade deficit reached a four-month high with imports rising nearly 6%, marking the highest increase since the year began. Mario Cordero, CEO of the Port of Long Beach, commented on this trend, highlighting that the surge in imports signals a healthy economy, despite potential future caution. The Port processed approximately 944,000 TEUs in July, contributing to significant growth in the San Pedro Bay complex, reflecting robust consumer spending.
Source: YAHOO