The Census Bureau and the Bureau of Economic Analysis reported:
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today
that the goods and services deficit was $58.3 billion in August, down $6.4 billion from $64.7 billion in July,
Exports increased and imports decreased in August.
Exports are down 2% year-over-year; imports are down 4% year-over-year.
The second graph shows the U.S. trade deficit, with and without petroleum.
Note that net, exports of petroleum products are positive and have picked up.
The trade deficit with China decreased to $26.0 billion from $37.5 billion a year ago.