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The US trade deficit is improving:
The US' goods trade deficit narrowed +$18.6 billion, or +24%, in August, to -$59.6 billion, one of the largest monthly improvements this year.
Imports declined -5%, to $340.4 billion, the 2nd-lowest since May 2024.
This also marks the biggest drop in imports in 4 months.
At the same time, exports rose slightly, to $280.8 billion, the highest since April.
Since March 2025, the goods trade deficit has improved by +$76.8 billion, or +56%.
Adjusted for inflation, the merchandise trade deficit narrowed to -$83.7 billion in August, the lowest since the end of 2023.
#Tariffs are reshaping the US trade.