The U.S. trade deficit increased in August as imports of consumer goods surged t...
WASHINGTON, - The U.S. trade deficit increased in August as imports of consumer goods surged to a record high, but the gap with China, a focus of the Trump administration’s “America First” agenda, narrowed.
The Commerce Department said on Friday the trade deficit rose 1.6% to $54.9 billion. The July trade gap was unrevised at $54.0 billion. Economists polled by Reuters had forecast the trade gap would widen slightly to $54.5 billion in August. The United States and China have been embroiled in a 15-month trade war. Washington announced this week tariffs on aircraft, other industrial products and agricultural products from the EU as part of a World Trade Organization penalty award in a long-running aircraft subsidy case.In August, goods exports rose 0.3% to $138.6 billion. They were lifted by exports of soybeans, which rose $0.3 billion.
Goods imports increased 0.6% to $213.0 billion in August. The import bill was boosted by a $1.9 billion surge in capital goods imports to the highest on record. Cellphone imports rose by $1.1 billion.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US trade deficit widened in August to $54.9 billionWASHINGTON (AP) — The U.S. trade deficit widened in August for the first time in three months as exports increased but imports increased more. The politically sensitive gap with China in the trade...
Read more »
French budget deficit stood at 123.1 billion euros at end-AugustFrance's budget deficit stood at 123.1 billion euros ($135 billion) at the ...
Read more »
FATAL CHARM: The Social Web of Claus von Bülow | Vanity Fair | August 1985Dominick Dunne is the one writer with access to all the tangled circles surrounding Claus von Bülow. During the second trial, Dunne was caught up among the dramatis personae— both sides chose him as their confidant. The children talked, servants talked, mistresses talked, duchesses talked. And von Bülow himself talked, answering the telling questions: Does he love Andrea? Did he ever really love Sunny? What made him cry when he went back to Clarendon Court? Claus von Bülow opened his door to Vanity Fair
Read more »
About $4 billion Hong Kong deposits may have left for Singapore in June-August: GoldmanHong Kong may have lost as much as $4 billion in deposits to rival financial hub...
Read more »
Trade gap widens more than expected to $54.9 billionThe U.S. trade deficit widened more than expected in August thanks in part to a record level of consumer goods imports and as a fresh round of tariffs loom against China and the European Union.
Read more »
US trade deficit widened in August to $54.9 billionWASHINGTON (AP) — The U.S. trade deficit widened in August for the first time in three months as exports increased but imports increased more. The politically sensitive gap with China in the trade...
Read more »