Why is the US trade deficit getting bigger?
The United States trade deficit—the gap between what it imports and exports, reached $105.6 billion in August. This was the largest monthly deficit since before tariffs were introduced under Trump, and it exceeded economists' expectations. The deficit grew by $12.7 billion compared to July.
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The bigger story
Left
7 viewpointsUS trade balance sinks deeper into the red as imports hit record high despite tariffs
U.S. trade deficit hits 17-month high despite Trump tariffs
Center
2 viewpointsRight
3 viewpointsTrump’s tariffs were meant to shrink the trade deficit—but the $106 billion gap just reached its widest since before ‘Liberation Day’
Trade deficit hits $105.6 billion, widest since just before Trump tariffs enacted last year…
We cut China’s trade deficit in half — so why is ours at a record $1.24 trillion?