The U.S. trade deficit increased to a record $75.7 billion in June as a rebounding American economy sent demand for imports surging.
The Commerce Department reported Thursday that the deficit rose 6.7% from a revised May deficit of $71 billion. The June deficit set a record, topping the old mark of $75 billion set in March. The trade deficit represents the gap between what the country exports to the rest of the world and what it purchases from other countries.
