10/17/2021

U.S. Trade Gap Expanded in August Due to Olympic Rights, Oil

WASHINGTON—The U.S. trade deficit expanded in August because growth in imports, including Olympic broadcast rights and crude oil, outpaced the gain in exports.

The trade gap increased 3.0% from a month earlier to a seasonally adjusted $40.73 billion in August, the Commerce Department said Wednesday. Imports rose 1.2% and exports rose 0.8%.

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