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September 29, 2020
WASHINGTON (Reuters) – The United States’ trade deficit in goods widened in August, with imports rising as businesses rebuild inventories which were depleted when the COVID-19 pandemic upended the flow of goods.
The Commerce Department said on Tuesday the goods trade gap increased 3.5% to $82.9 billion last month. Imports of goods rose 3.1% to $201.3 billion, eclipsing a 2.8% increase in goods exports to $118.3 billion.
(Reporting by Lucia Mutikani; Editing by Chizu Nomiyama)
