August US trade deficit reaches $106B

A report from the U.S. Department of Commerce showed that the United States' trade deficit rose in August to $105.6 billion, the highest level since March 2025. This increase was driven by a 4.3% jump in imports to $420.8 billion, compared to a 1.4% rise in exports to $315.2 billion. These figures mark a larger increase than expected, due to higher imports of raw materials and industrial supplies, while exports of consumer goods declined. Despite the widening deficit, experts emphasized that domestic demand remains strong, though rising prices are contributing to this movement, and they noted that this situation will impact the GDP growth for the third quarter.

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