The U.S. trade deficit hit an all-time high of $80.9 billion in the month of September, according to the Commerce Department.
- The gap widened as U.S. exports dropped by 3% last month, in part due to supply chain issues at U.S. ports.
- A 15.5% drop in petroleum exports caused by Hurricane Ida was also a factor.
- The $80.9 billion deficit broke the previous record of $73.2 billion set back in June.
- How concerned are you about the trade deficit and its long-term impact? Will things be back to 'normal' by this time next year?
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