The July goods gap widened to $118.8B as capital goods imports hit a record $140.1B and Korean chip shipments to the US surged 68.7%

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…