AAM: New Trade Data Shows Soaring August Deficit in Wake of China’s Devaluation
Washington, D.C. – The Commerce Department released the latest monthly U.S. trade figures Tuesday. The overall monthly U.S. international goods and services trade deficit increased 16 percent in August to $48.3 billion, from $41.8 billion in July, revised. Exports dropped 2 percent and imports rose 1.2 percent in July. [Reposted from the blog of the…