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US merchandise trade deficit with Japan widens 2.9% in July

Brand new cars sit in a lot near the Port of Richmond in California. (Getty/Kyodo, file)

WASHINGTON (Kyodo) -- The U.S. goods trade deficit with Japan expanded 2.9 percent in July from the previous month to $5.46 billion, the Commerce Department said Wednesday.

The deficit with China expanded 10.0 percent to a record $36.83 billion, while that with the European Union climbed 50.0 percent to $17.59 billion, the department said.

Under his "America First" mantra, President Donald Trump has pledged to reduce U.S. trade deficits with Japan and other major trading partners such as China, Mexico and Germany.

The deficit with Mexico narrowed 25.3 percent to $5.54 billion.

Globally, the U.S. deficit in trade of both goods and services widened 9.5 percent to $50.08 billion, the third straight month of increase.

U.S. exports declined 1.0 percent to $211.08 billion, while imports rose 0.9 percent to $261.16 billion.

The global trade figures are measured on a balance-of-payments basis after seasonal adjustment, and the country-by-country and regional breakdowns are based on unadjusted customs-cleared data.

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