-
U.S. trade deficit sinks to 2-year low as businesses try to time orders to beat tariff price hikes
The numbers: The nation's trade deficit in goods sank 17% in August to a two-year low, extending a run of big ups and downs as businesses try to time imports and exports in order to pay the least amount of tariffs. The trade gap in goods dropped to $85.5 billion in August from $102.8 billion in the prior month. Lower deficits add to gross domestic product, the official scorecard for the economy. Before the trade report, GDP was forecast to show a soft increase in the third quarter of between 1% and 1.5%. Key details: Imports dropped 7% to $261.6 billion in August, according to an advance version of the government's ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
The U.S. Census Bureau announced the following international trade, wholesale inventories, and retail inventories advance statistics for August 2025. The international trade deficit was $85.5 billion in August, down $17.3 billion from $102.8 billion in July. Exports of goods for August were $176.1 billion, $2.3 billion less than July exports. Imports of ...
Real gross domestic product (GDP) increased at an annual rate of 3.8 percent in the second quarter of 2025 (April, May, and June), according to the third estimate released by the U.S. Bureau of Economic Analysis. In the first quarter, real GDP decreased 0.6 percent (revised). The increase in real GDP in the second quarter primarily reflected a decrease in ...
Durable goods orders in the United States increased by 2.9% in August compared to the previous month, amounting to $312.1 billion, according to a report published by the Census Bureau on Thursday. The rise was led by orders of transportation equipment, which jumped 7.9%. Excluding transportation, new orders added 0.4% month-on-month. Excluding defense, they ...
