US trade deficit in August rises 3 percent to $40.7 billion

WASHINGTON — The U.S. trade deficit rose in August as a flood of imports offset the best showing for exports in 13 months. The politically sensitive deficit with China rose to the highest level in 11 months.

The trade deficit increased 3 percent to $40.7 billion, up from a gap of $39.5 billion in July, the Commerce Department reported Wednesday.

Imports jumped 1.2 percent to $228.6 billion, reflecting big increases in shipments of foreign oil, autos and commercial aircraft. Exports were up 0.8 percent to $187.9 billion, the fourth straight monthly increase and the highest level in 13 months.

http://www.startribune.com/us-trade-deficit-in-august-rises-3-percent-to-40-7-billion/395967971/