A resurgence in gold imports partly explains the widening of the trade deficit in July. Exports were flat, but a weaker dollar and negligible tariff retaliation abroad should support them in the coming months, while emerging trade agreements with major partners like Japan and the EU could add further upside if the initial deals are quickly formalised.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.
