News Summary

• The US trade deficit jumped to more than $100 billion in August.
• The total gap was a 13.8% increase from July's revised $92.8 billion deficit.
• Imports rose in August by 4.3%, compared with a 1.4% increase in exports.
• The largest trade deficit was with Mexico, with a gap of $27.7 billion in Aug.
• The deficit with Canada increased by $4.1 billion in the month when trade tensions between the US and its northern neighbor escalated.