US trade deficit grows 7 percent, despite Trump's new tariffs

The Commerce Department reported Friday that the U.S. trade deficit had grown by about 7 percent over the past three months and overall was roughly where it was last year, indicating that the Trump administration’s trade and tariff strategy still has long way to go to put a dent in those numbers.

Overall, the trade deficit rose to $46.3 billion from a revised $43.2 billion in May, the department said. One year ago, the deficit was $43.6 billion.