The U.S. trade deficit widened in August for the first time in three months as exports increased but imports increased more. The politically sensitive gap with China in the trade of goods narrowed. Imports increased 0.5% to $262.8 billion on a big increase in shipments of cellphones, which are scheduled
1 / 2Trade GapFILE - In this July 24, 2019, file photo, the container ship Hansa Augsburg is shown docked at PortMiami in Miami. On Friday, Oct. 4, the Commerce Department reports on the U.S. trade gap for August. WASHINGTON — The U.S. trade deficit widened in August for the first time in three months as exports increased but imports increased more. The politically sensitive gap with China in the trade of goods narrowed.
From January through August, the deficit rose 7% to $428.7 billion from $400.4 billion a year earlier. U.S. and Chinese negotiators are expected to meet for the 13th time next week to try to resolve the dispute, which has shaken global financial markets and cast gloom over the world economy.
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