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U.S. Trade Deficit Widens to Record on Consumer-Goods Imports

  • Gap in goods, services trade rose to $73.3 billion in August
  • Merchandise imports picked up on pharmaceuticals, toys
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The U.S. trade deficit widened to a record in August, reflecting a pickup in the value of imports of consumer goods and industrial supplies.

The gap in trade of goods and services increased 4.2% to $73.3 billion, from a revised $70.3 billion in July, according to Commerce Department data released Tuesday. The median estimate in a Bloomberg survey of economists was for a shortfall of $70.8 billion.