US Goods Trade Deficit Widens in May as Exports Fall
The U.S. trade deficit in goods increased in May amid a decline in exports, but an ebbing inflow of imports likely positions trade to make a big contribution to gross domestic product in the second quarter.
The goods trade gap widened 11.1% to $96.6 billion last month, the Commerce Department's Census Bureau said on Thursday. Exports of goods dropped $9.7 billion to $179.2 billion. Goods imports were little changed at $275.8 billion.
A flood of imports as businesses rushed to bring in goods before...
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