US foreign trade gap hits highest since April 2022

ISTANBUL

The US trade deficit hit $84.4 billion in September, soaring 19.2% from August, hitting its highest since April 2022, the US Bureau of Economic Analysis said Tuesday.

The country's exports totaled $267.9 billion, down 1.2% month-on-month.

Imports amounted to $352.3 billion, up 3%.

The expectation for the deficit was to come in at $83.8 billion.

Canada also posted a foreign trade deficit Tuesday of CAN$1.26 billion ($911 million), exceeding expectations.

The country's exports were at CAN$63.88 billion and imports totaled CAN$65.15 billion.