xi's moments
Home | Americas

US trade deficit widens in August

Xinhua | Updated: 2019-10-05 02:46

WASHINGTON -- The overall US trade deficit widened to 54.9 billion US dollars in August amid protracted trade tensions, US government figures showed on Friday.

That was up from the revised 54 billion dollars in July and higher than economists' expectation for 54.4 billion dollars, according to the US Commerce Department.

US exports in August increased to 207.9 billion dollars, 0.5 billion dollars more than that in July, while imports rose to 262.8 billion dollars, up 1.3 billion dollars from the previous month, the department said.

While the Trump administration has tried to shrink the trade gap by imposing additional tariffs on various imports, the US trade deficit widened to 428.7 billion dollars in the first eight months of this year, up 28.3 billion dollars, or 7.1 percent, from the same period in 2018.

For the United Stats, economists at the International Monetary Fund (IMF) have said that its persistent deficit with trading partners resulted from its macroeconomic policy, urging it to adopt fiscal consolidation and implement structural policies to address external imbalances, instead of resorting to distorted trade actions.

Global Edition
BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
网络猜大小单双