Capital goods imports surged 11.3% as AI-driven equipment spending lifted total imports to $318.2 billion, while initial jobless claims fell to 203,000

Capital goods imports surged 11.3% as AI-driven equipment spending lifted total imports to $318.2 billion, while initial jobless claims fell to 203,000

The United States merchandise-trade deficit grew substantially in July. This shortfall reached its highest point since early last year. Inbound shipments of capital equipment saw…