U.S. Trade Deficit Jumps in August

Alan Tonelson  |

The U.S. goods and services trade deficit rebounded by 15.60 percent in August as the effects of the strong dollar helped both reduce American exports and increase the nation's imports. U.S. deficits with China and in manufacturing remained at historically lofty levels and exports continued weakening. Moreover, right on the heels of news that President Obama's Pacific rim trade deal is now completed, the August trade figures signaled that agreements like this and related policy decisions will continue holding back the weak U.S. recovery to the tune of hundreds of billions of dollars since it began six years ago.

Here are selected highlights of the latest monthly (July) trade balance figures released this morning by the Census Bureau:

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