BusinessUS Trade Deficit Widens to $105.6 Billion in August Despite Tariffs
The US trade deficit increased by 13.7% to $105.6 billion in August, surpassing expectations despite President Trump's tariff measures. Strong domestic demand pushed imports up 4.3% to $420.8 billion, while exports rose 1.4% to $315.2 billion. Goods imports climbed 5.3% to $342.2 billion, outpacing the 2.2% rise in goods exports to $205.7 billion, potentially impacting economic growth for a third quarter.
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