US Trade Deficit Widens to $105.6 Billion in August
The US trade deficit widened more than expected in August to $105.6 billion as robust domestic demand drove imports to a record high. The wider gap is expected to weigh on third-quarter economic growth and fuel ongoing inflation concerns.
Xurve View
Insights:
Xurve View
The United States trade deficit widened 13.7% to $105.6 billion in August as imports surged to a record $420.8 billion. The deterioration outpaced forecasts despite aggressive tariff policies aimed at shrinking the gap. The shortfall keeps trade on track to subtract from third-quarter GDP growth.
