The US trade deficit increased $1.8 billion (4%) to $44.2 billion in August. This steep increase was caused by a slower increase of exports compared to imports, though both increased for every country except France, which had reduced imports to the US. The trade deficit with China shrank $687 million to $28.7 billion.
For more information, see our Trade Balance Report.
–From the St. Louis Federal Reserve
Tags: August 2012, Trade Balance
