WASHINGTON — The U.S. trade deficit rose in July to $32.0 billion, higher than economists estimated, as trading increased with many of the largest U.S. partners to the highest levels of the year, the Commerce Department reported yesterday.

The trade deficit increased 16.3% in July, the largest monthly increase since February 1999, following an upwardly revised deficit of $27.5 billion in June.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.