With the value of exports jumping and the value of imports falling, the Commerce Department released a report on Thursday showing the U.S. trade deficit narrowed much more than expected in the month of August.
The Commerce Department said the trade deficit shrank to $58.3 billion in August from a revised $64.7 billion in July, falling to the lowest level since September 2020.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
For comments and feedback: editorial@rttnews.com