US trade deficit widens slightly to $38.8 billion

WASHINGTON (AP) - The U.S. trade deficit widened only slightly in August, dragged lower by a modest decline in exports. U.S. farmers sold fewer agricultural products overseas, offsetting the best month of sales for American-made cars on record.

The Commerce Department says the trade deficit grew 0.4 percent in August to $38.8 billion. That's up from $38.6 billion in July.

U.S. exports dipped 0.1 percent to $189.2 billion. Sales of wheat, soybeans and other farm products fell, while exports of autos and other manufactured goods rose.

Imports were mostly unchanged at $228 billion. Americans bought more foreign computers and machinery, while imports of oil and foreign-made cars declined.

This year's trade deficit is running below last year's, a positive sign for economic growth.

Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WYMT CONTACT INFO 199 Black Gold Blvd. Hazard, KY 41701 606-436-5757 - switchboard 606-439-9968 - newsroom
Copyright © 2002-2015 - Designed by Gray Digital Media - Powered by Clickability 229096351 -
Gray Television, Inc.