The deficit rose to 73.3 billion dollars, an increase of 4.2%, while analysts had expected 71 billion.
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The United States’ trade deficit widened much more than expected in August, with an increase in imports, especially from China, which testifies to a recovery in domestic demand, the Commerce Department announced on Tuesday.
The deficit rose to $ 73.3 billion, an increase of 4.2%. Imports rose 1.4% to $ 287 billion, and exports 0.5% to $ 213.7 billion. Analysts expected a much smaller deficit ($ 71 billion).
This increase completely erases the deficit reduction that had been recorded in July when the Delta variant aroused consumer fear, drastically reducing demand for goods from abroad.
Cumulated over the first eight months of the year, the goods and services deficit jumped 33.7% on the back of the recovery, after the historic recession caused by the Covid-19 pandemic in 2020.
In August, Americans were fond of consumer staples.
Exports have been driven by the automotive sector.
By geographic area and for goods alone, the deficit widens by 39.6% with China and 48% with Canada. On the other hand, it decreases by 22.6% with Mexico.
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