Get all your news in one place.
100's of premium titles.
One app.
Start reading
International Business Times
International Business Times
World

US Trade Deficit Widens In May As Trump Tariffs Fuel Uncertainty

The US trade deficit widens in May but both imports and exports declined, government data showed (Credit: AFP)

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.

Trade data published Thursday showed the world's biggest economy logged an overall trade gap of $71.5 billion, in the month after Trump imposed a 10 percent duty on most trading partners before pausing steeper rates for dozens of these economies.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.