U.S. trade deficit widens in July as imports and exports jump

The numbers: The U.S. international trade deficit widened 2% in July to $65 billion, the Commerce Department said Wednesday. 

Economists surveyed by The Wall Street Journal had predicted the deficit would widen to a seasonally adjusted $68 billion from the initial estimate of a deficit of $65.5 billion in June.

The trade gap in June was revised…