WASHINGTON – The U.S. trade deficit increased in September to $43.5 billion as imports grew faster than exports.
The Commerce Department said the September trade in goods and services; —the difference between exports and imports — was $42.8 billion in August. The exports increased 1.1 percent to $196.8 billion, the highest since December 2014. But imports rose more: up 1.2 percent to $240.3 billion.
President Donald Trump views America’s huge trade deficits as a sign of economic weakness and has vowed to bring them down. But so far this year, the US trade of $405.2 billion this year to more than 9 percent compared to January-September 2016.