Summary
[US Department of Commerce: The US trade deficit in August rose to a record high]On October 5, local time, the US Department of Commerce stated that due to the impact of the new crown epidemic and supply restrictions, the US trade deficit in August soared by 4.2% from the previous month to 733. Billion U.S. dollars, a record high, higher than 70.3 billion U.S. dollars in July and 73.2 billion U.S. dollars in June. At the same time, US imports and exports increased slightly. In August, imports increased by 1.4% from the previous month to 287 billion U.S. dollars; exports increased to 213.7 billion U.S. dollars, an increase of 0.5% from July. (CCTV News Client)
On October 5, local time, the U.S. Department of Commerce stated that due to the impact of the new crown epidemic and supply restrictions, the U.S. August trade deficit soared 4.2% month-on-month, reaching 73.3 billion U.S. dollars, a record high and higher than July’s 70.3 billion U.S. dollars. And $73.2 billion in June.At the same time, the United Statesimport and exportThere was a slight increase in the value of imports. In August, the value of imports increased by 1.4% from the previous month to US$287 billion; the value of exports increased to US$213.7 billion, an increase of 0.5% from the July data.
Although the overall import and export volume of the United States showed an increasing trend in August, global supply chain problems are still aggravating. As a serious shortage of semiconductors has forced automakers to reduce production, exports of automobiles and parts have fallen by 8%, and imports have also fallen by 5.2%. Economists said that as US consumer demand cools, the growth rate of US imports may slow in the next few months.
(Source: CCTV News Client)
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