A report released by the Commerce Department on Tuesday showed the U.S. trade deficit widened by much more than expected in the month of August.
The Commerce Department said the trade deficit widened to a record $73.3 billion in August from a revised $70.3 billion in July.
Economists had expected the trade deficit to increase to $70.5 billion from the $70.1 billion originally reported for the previous month.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.