US Trade Deficit Expands Less Than Expected In May: Govt

The US trade deficit expanded to $75.1 billion in May, from a revised $74.5 billion in April, government data showed (Credit: AFP)

The US trade gap grew slightly less than expected in May, to the widest level since late 2022, government data showed on Wednesday, as exports and imports both slipped.

The overall deficit grew to $75.1 billion, from a revised $74.5 billion in April, said the Commerce Department.