Data from the U.S. Department of Commerce released Thursday showed that the American trade gap reached $63.6 billion US during the month. That's the highest figure since the same month 12 years ago, during the depths of the financial crisis. The U.S. trade gap actually hit a record of $80 billion for the month if only goods are factored in. But the U.S. consistently exports more services than it imports, which brought the overall trade gap down. The United States ran a deficit in goods trade of $80.1 billion in July, the highest on record.

Source: CBC News September 03, 2020 17:15 UTC