US Goods Trade Deficit Widens as Imports Reach Record High
The September goods trade deficit widened unexpectedly as imports surged to a record high, driven by demand for capital goods linked to the AI infrastructure buildout. The report said trade was a significant drag on third-quarter economic growth.
By Lucia MutikaniThe US trade deficit in goods unexpectedly widened in September as imports surged to a record high, driven by strong demand for capital goods linked to the AI infrastructure buildout, suggesting trade was a significant drag on economic growth in the third quarter.The continued dete…