US Trade Deficit Surges to $84.4 Billion in September

The widening gap, driven by increased imports and falling exports, marks the largest deficit since early 2022.

The trade deficit grew 19.2% from August to September, reaching $84.4 billion, according to the Commerce Department.
Imports rose by 3.0%, with businesses stocking up ahead of potential disruptions and higher tariffs.
Exports fell by $3.2 billion, with notable declines in civilian aircraft and pharmaceuticals.
Republican candidate Donald Trump has proposed significant tariffs on Chinese goods and other imports if elected.
The trade deficit has negatively impacted GDP growth for three consecutive quarters, subtracting 0.56 percentage points in Q3.