Trade deficit widened in Aug. less than expected

WASHINGTON — The U.S. international trade gap widened to $53.2 billion in August from $50.0 billion in July.

international trade gap

Analysts had expected the gap to widen to $53.4 billion based on a slightly wider advance goods trade gap.

Exports fell on industrial supplies and materials, while imports rose on autos.

The trade gaps with China and Mexico both widened to record levels and remained ammunition for those in favor of further tariffs. The gaps with Canada and the EU both narrowed, but both were still wider than a year ago.

Market News International is a real-time global news service for fixed-income and foreign exchange market professionals. See www.marketnews.com.
Economic indicators
MORE FROM BOND BUYER