Trade Gap in U.S. Probably Narrowed on Falling Imports as Economy Slowed

In July, the U.S. trade deficit narrowed as a result of Americans buying less goods - and many of these goods are imported from abroad. Many economists would say the economy is steadily recovering, but consumers and businesses in the United States spent less in the month of July compared to other months. This trend is expected to continue into the coming months.

The United States plays a huge role in the recovery of global economies. Being the number one consumer in the world, the U.S. needs to increase consumption to alleviate economies around the globe. Many foreign businesses rely heavily on U.S. consumption to maintain a successful business. It appears the U.S. needs to finish what it started - the global recession.