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US August trade deficit widens 13.7% to $105.6 billion, second straight monthly increase
En breve
The US trade deficit in goods and services rose 13.7% in August from the previous month to $105.6 billion, the second consecutive monthly expansion, the US Commerce Department said. Exports increased 1.4% to $315.2 billion and imports rose 4.3% to $420.8 billion. The goods trade deficit with Mexico and Vietnam reached record highs, while the deficit with Japan fell 29.2% to $3.4 billion.
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The US Commerce Department reported on October 6 that the US trade deficit in goods and services, on a balance of payments basis and seasonally adjusted, widened 13.7% in August from the previous month to $105.6 billion (about 17 trillion yen), according to Sankei Shimbun. This marked the second consecutive monthly expansion. Exports rose 1.4% to $315.2 billion, and imports increased 4.3% to $420.8 billion. [ 3 ]
On a goods trade basis (customs basis, not seasonally adjusted), the deficit with Mexico reached a record $27.0 billion, and the deficit with Vietnam also hit a record $25.0 billion. The deficit with China rose 6.0% to $18.4 billion. [ 3 ]
In contrast, the goods trade deficit with Japan fell 29.2% to $3.4 billion. [ 3 ]
The headline figures were also reported by Tokyo Shimbun and Nishi-Nippon Shimbun, which published articles with titles noting the 13.7% increase and the second straight month of expansion. However, their articles did not provide the detailed breakdown of bilateral trade balances. [ 1 , 2 ]
Por qué importa
The widening US trade deficit could intensify pressure on the US administration to pursue tougher trade policies, as deficits with Mexico and Vietnam hit record highs. For Japan, the sharp decline in the bilateral deficit may ease trade tensions, but the overall US deficit expansion suggests continued global trade imbalances.
Datos clave
- The US August trade deficit in goods and services (balance of payments basis, seasonally adjusted) rose 13.7% from July to $105.6 billion. [ 3 ]
- It was the second consecutive monthly expansion. [ 1 , 2 , 3 ]
- Exports rose 1.4% to $315.2 billion; imports rose 4.3% to $420.8 billion. [ 3 ]
- The goods trade deficit with Mexico ($27.0 billion) and Vietnam ($25.0 billion) hit record highs. [ 3 ]
- The goods trade deficit with Japan fell 29.2% to $3.4 billion; with China it rose 6.0% to $18.4 billion. [ 3 ]
Confirmado por varias fuentes
Aún sin aclarar
- The US Commerce Department released the August trade data on October 6. Reported by a single source so far
- The goods trade deficit with Mexico and Vietnam reached record highs. Reported by a single source so far
- Exports rose 1.4% and imports rose 4.3% in August. Reported by a single source so far
- The goods trade deficit with Japan fell 29.2% to $3.4 billion. Reported by a single source so far