N環球 
US trade deficit widens to $105.6 billion in August, a 17-month high
The Commerce Department reported Tuesday that the August goods-and-services trade deficit widened from a revised $92.8 billion in July to $105.6 billion, the largest since March 2025 and above the $99 billion economists expected.
Why it matters
The US Census Bureau and Bureau of Economic Analysis reported Tuesday that the goods-and-services trade deficit widened by $12.7 billion to $105.6 billion in August, up about 13.7% — the widest gap since March 2025 and above the roughly $99 billion economists expected. Imports hit a record $420.8 billion, a sign that US domestic demand remains strong even with tariffs in force.
Key figures
Imports rose 4.3% to $420.8 billion in August while exports increased 1.4% to $315.2 billion. The goods deficit widened by $12.8 billion to $136.6 billion; the services surplus was nearly unchanged at $31.0 billion. The import jump was led by industrial supplies (up $9.1 billion, including $3.3 billion more crude oil and $3.1 billion more nonmonetary gold) and capital goods (up $6.2 billion, including a $2.4 billion rise in semiconductors reflecting AI hardware demand).
Notably, the US posted record goods deficits with several partners: Mexico at $27.7 billion, Vietnam at $24.0 billion, Taiwan at $18.3 billion and China at $16.4 billion. Still, the cumulative deficit through the first eight months is down 19.9% from the same period in 2025, so the full-year gap is still narrowing.
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