US trade deficit jumps in August as exports fall
US stocks
Washington - Arab Today
The US trade deficit jumped in August as exports fell sharply amid a slowing global economy, outweighing an increase in imports, government data released Tuesday showed.
The Commerce Department said the trade gap widened to $48.3 billion in August, an increase of 15.6 percent from July. The shortfall was much larger than expected; the average analyst estimate had been a 6.4 percent rise to $44.5 billion.
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