Summary
WASHINGTON -- America's trade deficit unexpectedly jumped to a new record in August, providing ammunition for Democrats to attack Republican trade policies in the closing weeks of the fall election campaign.
The gap between what the U.S. exports and what it imports rose by 2.7 percent to $69.9 billion, marking the second straight month it has set a new record, the Commerce Department reported Thursday.See the full content of this document
Extract
Trade Deficit Leaps
Wall Street, which had been looking for a slight improvement in August, shrugged off the disappointing trade report and sent stocks to a fifth record close this month....
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