U.S. trade gap hits six-month high as soybean exports plunge 28%

Andrew Mayeda

October 5, 2018 9:15 am

THE UNITED STATES trade deficit trade increased 6.4 percent to $53.2 billion in August. / BLOOMBERG NEWS FILE PHOTO/QILAI SHEN

NEW YORK - The United States trade deficit widened in August to the biggest in six months as soybean exports plunged and a measure of the gap with China hit a record, showing how the Trump administration’s trade war is dragging on economic growth. The gap in goods and services trade increased 6.4 percent to…