US Trade Deficit Widens in August to $105.6 Billion
The US trade deficit increased by 13.7% to $105.6 billion in August, exceeding expectations. This widening was primarily driven by a surge in imports of goods, reflecting strong domestic demand. The data suggests that trade will continue to be a drag on economic growth in the third quarter.
The US trade deficit widened more than expected in August, as imports of goods surged on robust domestic demand, leaving trade on track to subtract again from economic growth in the third quarter. 6 billion, according to the Commerce Department's Bureau of…