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America's trade deficit saw a big jump in May. Export numbers went down, impacting the overall trade scenario. However, a decrease in imports hints at a possible economic growth in the second quarter.
WASHINGTON (Reuters) -The U.S. trade deficit widened sharply in May as exports fell, but subsiding imports suggested trade could still lead an anticipated rebound in economic growth in the second ...
The US trade deficit widened more than expected in May, with both imports and exports declining as US President Donald Trump's tariffs sent shock waves through the economy and snagged supply chains.
The US trade deficit widened more than expected in May, with both imports and exports declining as US President Donald Trump's tariffs sent shock waves through the economy and snagged supply chains.
The wider trade deficit came as the value of exports tumbled by 4.0 percent to $279.0 billion in May after surging by 3.4 percent to $290.6 billion in April.
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