US Trade Deficit Widened Slightly in July as Exports Slipped

The trade deficit had narrowed in the spring as exports of U.S. computer products and farm goods rose. U.S. exporters benefited from a decline in the value of the dollar, which makes American products cheaper overseas. Solid global growth also helped, as economies from Europe to Asia to Latin America are expanding simultaneously. Exports in June were the highest in 2 ½ years.