US trade gap widens in August on strong domestic demand
The US trade deficit increased by 13.8% in August to reach its widest level since April, driven by robust domestic demand that fueled imports. Exports also saw a slight increase.
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US trade deficit widens 13.7% to $105.6 billion in August
The US trade deficit increased 13.7% to $105.6 billion in August, exceeding economists' forecasts. Imports rose to a record high of $420.8 billion, while exports increased to $315.2 billion, indicating robust domestic demand.