US trade deficit widens again in August as imports climb
US trade deficit widens again in August as imports climb

Washington (AFP) – The US trade deficit continued to widen in August, as imports outpaced exports amid the ongoing coronavirus pandemic, according to official data released Tuesday.The deficit rose 5.9 percent from July to $67.1 billion, increasing more than expected but posting a more moderate jump than the nearly 19 percent surge in the month prior, according to the Commerce Department report.However, the August trade gap was the widest since 2008 and the third-largest on record, James Watson of Oxford Economics said.Exports gained $3.6 billion from July to $171.9 billion overall, not enough…

Read More

HEDGE accordingly