04/23/2024

U.S. Trade Gap Widens Sharply on Strong Dollar, Weak Global Growth

WASHINGTON—The U.S. trade gap widened sharply in August, suggesting trade will weigh on economic growth in the third quarter as a strong dollar and a slowdown overseas curb demand for U.S.-made goods.

The trade gap with other nations grew 15.6% to a seasonally adjusted $48.33 billion in August, the Commerce Department said Tuesday. That was narrower than the $48.5 billion deficit projected by a Wall Street Journal survey of…

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