US Trade Deficit Narrowed in August After Tariffs Set In

The US trade deficit shrank in August as a slew of global tariff rates from President Donald Trump kicked in, official data showed Wednesday after a lengthy delay due to a government shutdown.

The goods and services trade gap narrowed almost 24% from the prior month to $59.6 billion, the Commerce Department said. The median estimate in a Bloomberg survey of economists was for a $60.4 billion deficit.