When adjusted for inflation, the goods trade gap increased to an all-time high of $87.0 billion in September from $86.3 billion in August.
Trump sees the lopsided trade numbers as a sign of U.S. economic weakness and as the result of bad trade deals and abusive practices by U.S. trading partners, especially China.
Economists polled by Reuters had forecast the overall trade deficit rising to $53.6 billion in September.
The politically sensitive goods trade deficit with China jumped 4.3 percent to a record high of $40.2 billion in September.
The goods deficit with China rose by 4.3 percent in September to a record $40.2 billion.
U.S. trade gap widens; deficit with China rises to record high
In September, imports of goods and services increased 1.5 percent to $266.6 billion, an all-time high.
WASHINGTON (Reuters) - The U.S. trade deficit rose to a seven-month high in September as imports surged to a record high amid strong domestic demand, offsetting a rebound in exports.
Mainstream economists view trade deficits as the result of an economic reality unlikely to yield to changes in trade policy: Americans buy more than they produce, and imports fill the gap.
Perhaps most troublingly for long-term U.S. economic growth, Trumps trade war is steering Asian countries — and their billions of consumers — toward non–U.S. trading partners, @paragkhanna writes for @Axios.
Forget #Draghi for a minute. The US Merchandise-Trade (only goods) gap widened to a massive USD 76 billion in October, the largest on record!
U.S. trade deficit rises 1.3% in September to $54 billion. Imports up 1.5% to record $266.6 billion. Exports also increase 1.5%, to $212.6 billion. Deficit with China hits new record despite tariffs. Trade gap on track to reach 10-year high in 2018.
U.S. exports of soybeans, targeted for retaliatory tariffs by China, dropped 29.4 percent in September.