{"id":82882,"date":"2020-10-06T16:49:08","date_gmt":"2020-10-06T13:49:08","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/u-s-trade-deficit-climbs-in-august-to-67-1-billion-and-hits-third-highest-level-on-record\/"},"modified":"2020-10-06T16:49:08","modified_gmt":"2020-10-06T13:49:08","slug":"u-s-trade-deficit-climbs-in-august-to-67-1-billion-and-hits-third-highest-level-on-record","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/u-s-trade-deficit-climbs-in-august-to-67-1-billion-and-hits-third-highest-level-on-record\/","title":{"rendered":"#\n  U.S. trade deficit climbs in August to $67.1 billion and hits third highest level on record"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a4e6e1c5cb4b\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a4e6e1c5cb4b\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/u-s-trade-deficit-climbs-in-august-to-67-1-billion-and-hits-third-highest-level-on-record\/#US_exporters_still_recovering_from_coronavirus_disruptions\" >U.S. exporters still recovering from coronavirus disruptions<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/u-s-trade-deficit-climbs-in-august-to-67-1-billion-and-hits-third-highest-level-on-record\/#Jeffry_Bartash\" >Jeffry Bartash<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  U.S. trade deficit climbs in August to $67.1 billion and hits third highest level on record<br \/>\n<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"US_exporters_still_recovering_from_coronavirus_disruptions\"><\/span>\n  U.S. exporters still recovering from coronavirus disruptions<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"C2FFBA7A-07CD-11EB-91EC-4FBF95105FB0\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       <strong>The numbers:<\/strong> The U.S. trade deficit climbed almost 6% in August to $67.1 billion and hit the third highest level on record, reflecting an ongoing struggle by American exporters to recover all the ground lost in the early stages of the coronavirus pandemic.<\/p>\n<p> Economists polled by MarketWatch has forecast a $66.7 billion trade gap.<\/p>\n<div class=\"paywall\">\n<div data-layout=\"\n              inline\" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetMediaIllustration\n            full-width\n            \n    \n          \n  article__inset\n        article__inset--type-InsetMediaIllustration\n            article__inset--inline\n  \"><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        renoImageFormat-20201006092659\n        img-inline\n        article__inset__image\n      \" itemscope itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<div style=\"padding-bottom:55.6180%;\" data-mobile-ratio=\"55.6180%\" data-layout-ratio=\"55.6180%\" data-subtype=\"illustration\" class=\"image-container  responsive-media article__inset__image__image\">\n        <img decoding=\"async\" srcset=\"https:\/\/ei.marketwatch.com\/Multimedia\/2020\/10\/06\/Photos\/ZH\/MW-IQ173_BOPGST_20201006092659_ZH.png?uuid=9ccf7520-07d7-11eb-b305-9c8e992d421e 1260w\" sizes=\"1260px\" src=\"https:\/\/ei.marketwatch.com\/Multimedia\/2020\/10\/06\/Photos\/ZH\/MW-IQ173_BOPGST_20201006092659_ZH.png?uuid=9ccf7520-07d7-11eb-b305-9c8e992d421e\" data-enlarge=\"https:\/\/ei.marketwatch.com\/Multimedia\/2020\/10\/06\/Photos\/ZH\/MW-IQ173_BOPGST_20201006092659_ZH.png?uuid=9ccf7520-07d7-11eb-b305-9c8e992d421e\" alt=\"\" title=\"\"><\/div><figcaption class=\"wsj-article-caption article__inset__image__caption\" itemprop=\"caption\"><\/figcaption><\/figure>\n<\/div>\n<p>       <strong>What h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ened:<\/strong> Imports of foreign goods and services rose 3.2% in August to $239 billion, <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.bea.gov\/sites\/default\/files\/2020-10\/trad0820.pdf\" class=\"icon none\">the U.S. Census Bureau said Tuesday.<\/a><\/p>\n<p>Exports increased a smaller 2.2% to $171.9 billion.<\/p>\n<p>Imports have rebounded faster than exports, largely reflecting a stronger recovery in the U.S. economy compared to many of its trading partners. Imports are just 3% below prepandemic levels.<\/p>\n<p>Exports, on the other hand, are about 18% lower compared to the last month before the pandemic. Disruptions in global supply chains and weaker demand overseas have hindered the ability of U.S. exporters to recover all the sales lost early in the pandemic.<\/p>\n<p>The U.S. is also exporting fewer services tied to <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">travel<\/a> and tourism with so few people around the world flying and visiting other countries. Typically the U.S. runs a large surplus in services because its one of the most frequented travel destinations in the world.<\/p>\n<p><strong>Read:<\/strong>Consumer confidence surges to highest level of coronavirus era<\/p>\n<p>The trade gap in goods with China, meanwhile, fell  to $26.4 billion in August from $28.3 billion in the prior month. The deficit with China is running about 18% lower in 2020 compared to 2019 owing to coronavirus disruptions and U.S. tariffs.    <\/p>\n<p><strong>The big picture:<\/strong> A larger trade deficit subtracts from gross domestic product, the official scorecard for the U.S. economy. The increase in the third quarter is likely to shave a few points off what is expected to be a record increase in GDP as the economic recovery got underway. <\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p>President Trump entered office almost four years ago vowing to slash chronically high U.S. trade deficits, but his effort has fallen short mostly due to longstanding patterns in imports and exports that are hard to shift. Americans buy so many imports, for instance, because a number of products are no longer made in the America.<\/p>\n<p><strong>Read:<\/strong>U.S. adds 661,000 jobs in September and unemployment rate falls to 7.9%<\/p>\n<p>The global coronavirus pandemic has exacerbated U.S. trade deficits because exports have recovered slower than imports. Economists predict exports will begin to pick up more rapidly soon  as the global economy recovers and supply chains are repair, driving U.S. trade deficits back down to precrisis levels.<\/p>\n<p><strong>What they are saying?<\/strong> \u201cAs [U.S.] production continues to ramp up, there is plenty of scope for exports to catch up over the coming months,\u201d said senior U.S. economist Andrew Hunter of Capital Economics.  <\/p>\n<p><strong>Market reaction: <\/strong>The Dow Jones Industrial Average<br \/>\n        DJIA,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598065\/realtime\" class=\"positive\">+0.21%<\/bg-quote><br \/>\n       and S&amp;P 500 index<br \/>\n        SPX,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210599714\/realtime\" class=\"negative\">-0.09%<\/bg-quote><br \/>\n      \u00a0were set to rise in Tuesday trades. <\/p>\n<div data-layout=\"\n              inline\" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetCommentingPromo\n            \n            inline\n  article__inset\n        article__inset--type-InsetCommentingPromo\n            article__inset--inline\n  \"><\/p><\/div>\n<\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Jeffry Bartash\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Jeffry_Bartash\"><\/span>Jeffry Bartash<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener noreferrer\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7BC2FFBA7A-07CD-11EB-91EC-4FBF95105FB0%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener noreferrer\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# U.S. trade deficit climbs in August to $67.1 billion and hits third highest level on record &#8221; U.S. exporters still recovering from coronavirus disruptions The numbers: The U.S. trade deficit climbed almost 6% in August to $67.1 billion and hit the third highest level on record, reflecting an ongoing struggle by American exporters to&#8230;<\/p>\n","protected":false},"author":1,"featured_media":82883,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-82882","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/82882","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=82882"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/82882\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/82883"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=82882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=82882"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=82882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}