The U.S. trade deficit widened to a six-month high in August as exports fell further as soybean prices fell and imports climbed to a record level, signaling trade could affect economic growth in the third quarter.
The Commerce Department said today that the trade gap widened 6.4 percent to $ 53.2 billion to expand for the third month in a row, while the July data were revised to show that the trade deficit rose to $ 50 billion instead of $ 50.1 billion.
The trade deficit with China rose 4.7 percent to a record $ 38.6 billion in August. The trade gap continues to widen despite the Trump management policies that led to a trade war between the United States and China.
