Trade gap widens more than expected to $54.9 billion

The U.S. trade deficit widened more than expected in August thanks in part to a record level of imports of consumer goods and as a fresh round of tariffs loom against China and the European Union. The imbalance stood at $54.9 billion at the end of the month, more than the $54.5 billion projected by economists surveyed by Dow Jones and up from $54 billion in July.

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