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Trump Warns August Trade Deficit Hit $105.6B Record

By Drooid · Oct 6, 2026, 11:41 PM UTC · How we work

Summary

Story summary

U.S. President Donald Trump warned that the trade deficit surged in August.
The deficit reached $105.6 billion, a 13.7 percent rise from July.
August’s deficit was the largest monthly total since before Trump’s global tariffs in April 2025.
U.S. imports hit a record $420.8 billion, up 4.3 percent from July.
Chief economist Christopher Rupkey said high labor costs leave no good alternative to foreign imports.

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Story summary

U.S. President Donald Trump warned that the trade deficit surged in August.
The deficit reached $105.6 billion, a 13.7 percent rise from July.
August’s deficit was the largest monthly total since before Trump’s global tariffs in April 2025.
U.S. imports hit a record $420.8 billion, up 4.3 percent from July.
Chief economist Christopher Rupkey said high labor costs leave no good alternative to foreign imports.