The US trade deficit jumped to more than $100 billion in August as importers wrestled with a new round of President Trump's tariffs and continued to bring in billions of dollars' worth of components for AI data centers.
The total gap: $105.6 billion, a 13.8% increase from July's revised $92.8 billion deficit, the highest level since early 2025, when importers stocked up ahead of Trump's "Liberation Day" and a later four-month surge in imports that pushed average monthly trade deficits north of $120 billion.
Imports rose in August by 4.3%, compared with a 1.4% increase in exports. The US brought in $420.8 billion in total imports in August against $315.2 billion in exports.
In an **** ysis, Capital Economics said the "sharp rise in imports suggests third quarter GDP growth will be well below our current forecast of 4.0%," suggesting that the final annualized figure could be closer to 2.5%."
"The relatively broad-based rise in goods imports mean net trade was still a drag overall," the group added.
#billion #imports #total #increase
The total gap: $105.6 billion, a 13.8% increase from July's revised $92.8 billion deficit, the highest level since early 2025, when importers stocked up ahead of Trump's "Liberation Day" and a later four-month surge in imports that pushed average monthly trade deficits north of $120 billion.
Imports rose in August by 4.3%, compared with a 1.4% increase in exports. The US brought in $420.8 billion in total imports in August against $315.2 billion in exports.
In an **** ysis, Capital Economics said the "sharp rise in imports suggests third quarter GDP growth will be well below our current forecast of 4.0%," suggesting that the final annualized figure could be closer to 2.5%."
"The relatively broad-based rise in goods imports mean net trade was still a drag overall," the group added.
#billion #imports #total #increase
3 days ago
