U.S. Trade Deficit Widens Substantially As Imports Surge, Exports Plunge

A report released by the Commerce Department on Tuesday showed a substantial increase in the size of the U.S. trade deficit in the month of May. The Commerce Department said the trade deficit widened to $77.6 billion in May from a revised $54.6 billion in April. Economists had expected the trade deficit to surge to $78.7 billion from the $55.9 billion origi…

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