US trade deficit passes $100B for first time since March 2025
Summary
The U.S. trade deficit increased to over $100 billion in August, the highest level since March 2025. This means the U.S. bought more foreign goods and services than it sold abroad by a large amount.Key Facts
- The U.S. trade deficit was $105.6 billion in August.
- This is the largest monthly deficit in 17 months.
- The deficit is the difference between the value of imports and exports.
- The Census Bureau and Bureau of Economic Analysis provided the data.
- A growing trade deficit means the U.S. is importing more than it exports.
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