US trade deficit widens in August amid strong imports

The US trade deficit increased by 13.7% in August, reaching $105.6 billion. This rise reflects strong domestic demand and increased imports. Imports rose by 4.3% to $420.8 billion, with goods imports jumping 5.3%. Exports also saw a small increase of 1.4% to $315.2 billion in the same period. Economists predict that trade could significantly impact economic growth in the third quarter.