WASHINGTON, D.C. — The US trade deficit expanded in September to its widest since early 2022, government data showed on Tuesday, as imports increased while companies braced for a dockworkers strike and sweeping tariffs if Donald Trump is reelected.The world's biggest economy saw its trade gap jump 19.2 percent to $84.
WASHINGTON, D.C. — The US trade deficit expanded in September to its widest since early 2022, government data showed on Tuesday, as imports increased while companies braced for a dockworkers strike and sweeping tariffs if Donald Trump is reelected.The world's biggest economy saw its trade gap jump 19.2 percent to $84.4 billion, said the Department of Commerce, with imports growing by 3.0 percent.The expansion was significantly more than a market consensus forecast by Briefing.com.
His proposals included a 10-percent to 20-percent levy on all imports, a scenario that companies have been girding for.'The trade gap with China widened in September,' said economists Carl Weinberg and Rubeela Farooqi of High Frequency Economics in a note.'The surge in imports may reflect efforts to get goods in from China before January, just in case a change in government brings higher tariffs and more restrictions on imports,' they added.
Trade Deficit Expands To Widest In September
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