The commercial gap of goods was reduced 16.8%, at 85,500 million dollars, the Office of the Census of the Department of Commerce reported Thursday. The economists surveyed by Reuters hoped that the trade trade deficit would be reduced to 95.2 billion dollars.
Assets of goods fell at 19.6 billion dollars, at 261.6 billion. Exports fell by 2.3 billion dollars, to 176.1 billion.
President Donald Trump’s tariffs have caused wild oscillations in goods imports this year, undermining the gross domestic product ( GDP ) in the first quarter before boosting growth in April-June.
Growth estimates for the third quarter currently converge around an annualized rate of 2.5%. The economy grew at a rate of 3.8% in April-June, with a lower commercial deficit as the main motor.
