US Trade Deficit Widens to 105.6 Billion in August
The US trade deficit widened more than expected in August to 105.6 billion dollars as imports reached a record high. Robust domestic demand drove the surge, overshadowing tariffs and keeping trade on track to subtract from third-quarter economic growth.
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The United States trade deficit widened 13.7% to $105.6 billion in August as imports hit a record $420.8 billion. The shortfall exceeded the $102.0 billion forecast by economists.
The Commerce Department reported that robust domestic demand drove the wider gap, defying the administration's aggressive tariff policies. Imports outpaced exports despite duties designed to curb foreign reliance.
