A report released by the Commerce Department on Tuesday showed the U.S. trade deficit widened by much more than expected in the month of August.
The Commerce Department said the trade deficit widened to $73.3 billion from a revised $70.3 billion in July.
Economists had expected the trade deficit to increase to $70.5 billion from the $70.1 billion originally reported for the previous month.
The wider trade deficit came as the value of imports jumped by 1.4 percent to $287.0 billion, while the value of exports rose by 0.5 percent to $213.7 billion.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.