Tariffs start to drag on U.S. economy as trade deficit widens

THE UNITED STATES merchandise-trade deficit unexpectedly grew in August to $75.8 billion. / BLOOMBERG NEWS
THE UNITED STATES merchandise-trade deficit unexpectedly grew in August to $75.8 billion. / BLOOMBERG NEWS
NEW YORK - Fresh data on the United States economy show President Donald Trump’s escalating trade war is shaping up as a clear drag on growth this quarter. The merchandise-trade deficit unexpectedly grew in August to $75.8 billion, the widest in six months, as exports of food, industrial supplies and autos declined, Commerce Department data showed…

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