US Goods Trade Deficit Widens Sharply in August
The US trade deficit in goods widened significantly in August, increasing by 11.5% to $132.6 billion, driven by a surge in imports. This suggests that trade may continue to be a drag on economic growth in the third quarter.
The US trade deficit in goods widened sharply in August as imports surged, suggesting trade could remain a drag on economic growth in the third quarter. 6 billion last month, the Commerce Department's Census Bureau said on Wednesday.