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POSTED ON October 6, 2021  - POSTED IN Exploring Finance

The US trade deficit surged to yet another new record in August as Americans are importing more and more services to go along with all of their imported goods.

The August trade deficit came in at $73.25 billion, 4.2% higher than the July trade deficit of $70.3 billion. The August deficit set a new record edging out the previous high of $73.23 billion set in June.

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