Home›Global Markets›North America›U.S. trade deficit widens in May as goods imports reac…

U.S. trade deficit widens in May as goods imports reach record

The monthly trade deficit rose to its highest level in more than a year, driven by record goods imports that include pharmaceuticals and data center equipment.

Reported · Written up by our desk · North America

The U.S. trade deficit widened in May as imports of foreign goods hit a record high, according to The New York Times.

The outlet said the increase pushed the monthly trade deficit to its highest level in over a year, with higher shipments including pharmaceuticals and equipment used for data centers.

More like this

Sources