The Nation’s international deficit in goods and services decreased to $50.1 billion in July, from $55.0 billion (revised) in June, as exports increased and imports decreased.
That's the word from the Census Bureau's report on the US international trade in goods and services for July.
But China set another record:
The goods deficit with China increased from $14.2 billion in June to $14.9 billion in July. Exports decreased $0.1 billion (primarily industrial engines and other industrial machinery) to $2.7 billion, while imports increased $0.6 billion (primarily toys, games, and sporting goods; computers; footwear; and other household goods) to $17.6 billion.
Here's something to think about -- does this last piece of information really matter?