Trade gap widens more than expected to $54.9 billion

The U.S. trade deficit widened more than expected due to high level of imports of consumer goods and tariffs against China and the European Union.  Consumer goods imports hit 57.2 billion dollars, which was a cause of increase on demand that helped keep the U.S. economy afloat from a possible slowdown.  As the overall deficit rose, the gap with China declined 3.1% for that month.  The list goes on of different countries being either in a loss or creating wins with U.S. trade gap. The U.S. has been doing very well with buying and selling to other countries, for example we’re threatening to impose 25% tariffs on European Union agricultural goods such as a popular Cheese company.

https://www.cnbc.com/2019/10/04/us-trade-deficit---august-2019.html