The expected increase in tariffs imposed by the United States has led to a significant widening of the trade deficit in July.

Preliminary data released by the U.S. Department of Commerce on the 4th showed that due to a significant increase in imports, the U.S. trade deficit in July expanded to $78.3 billion, not only significantly higher than the adjusted trade deficit of $59.1 billion in June, but also higher than market expectations. Analysts believe that U.S. businesses rushed to import goods and materials before President Trump announced new tariffs on global trading partners, leading to the expansion of the U.S. trade deficit to its highest level in four months in July. This anticipation of increased tariffs also led to a significant increase in gold shipments, further driving up the total U.S. imports.