U.S. trade gap widened 0.2% in July

The U.S. trade deficit widened a slight 0.2%, as both exports and imports fell. Nation's trade deficit widened to a seasonally adjusted $42.0 billion in July from $41.9 billion in prior month, the U.S. Bureau of Economic Analysis said on Tuesday. Overall U.S. imports fell 0.8% to $225.3 billion, down from $227.1 billion, while exports declined by 1% to $183.3 billion from $185.2 billion in July.