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

The U.S. Commerce Department reported a substantial increase in the trade deficit in May, widening versus the prior month. While the article provides no exact figures, the deterioration in the external balance is a modest headwind for growth optics and risk sentiment.

Analysis

The U.S. Commerce Department reported a substantial increase in the trade deficit in May, widening versus the prior month. While the article provides no exact figures, the deterioration in the external balance is a modest headwind for growth optics and risk sentiment.