Viral Swing: US trade deficit up to $67.1 billion in August, 14-year high

Tuesday, 6 October 2020

US trade deficit up to $67.1 billion in August, 14-year high

The U.S. trade deficit rose in August to the highest level in 14 years. The Commerce Department reported Tuesday that the gap between the goods and services the United States sells and what it buys abroad climbed 5.9% in August to $67.1 billion, highest since August 2006. The U.S. deficit with the rest of the world in the trade of goods such as airplanes and appliances set a record $83.9 billion in August.