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US trade deficit widens in August
The U.S. trade deficit widened to $105.6 billion in August, surpassing the forecast of $102 billion. This was driven by a sharp increase in imports, which rose by 4.3% to $420.8 billion, particularly in goods imports, which jumped by 5.3% to $342.2 billion. Meanwhile, U.S. exports saw a modest increase of 1.4%, reaching $315.2 billion, with goods exports rising by 2.2% to $205.7 billion. The continued strength of domestic demand has led to a greater reliance on imports, despite the imposed tariffs, casting a shadow over the economy's growth in the third quarter.
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