Latest data released by the Bureau of Economic Analysis - 5 October 2018
- Prior -$50.1 billion; revised to -$50.0 billion
- Goods deficit increased by $3.6 billion to $76.7 billion
- Services deficit increased by $0.4 billion to $23.5 billion
- Trade deficit to China seen at $34.4 billion
A slightly larger trade deficit recorded in August but the key is the trade deficit to China. That holds steady around $34 billion compared to July. But given the recent US-China trade rhetoric, the figures here won't do much to change the ongoing trade spat that looks to evolve into something bigger over the long-term.
