U.S. Goods Trade Deficit Widens In August

  • The United States’ trade deficit in goods widened in August, with imports rising as businesses rebuild inventories that were depleted when the COVID-19 pandemic upended the flow of goods.
  • The Commerce Department said on Tuesday the goods trade gap increased by 3.5% to $82.9Bn last month. Imports of goods rose 3.1% to $201.3Bn, eclipsing a 2.8% increase in goods exports to $118.3Bn.

(Source: Reuters)