US trade deficit widens sharply in May as capital goods imports hit record high
✦ NabkaNews BriefAuto-summarized from multiple outlets · verify with the source
The US trade deficit widened sharply in May, with capital goods imports reaching a record high. The trade gap is reported to be the largest in over a year, with some outlets specifying it is a 14-month high. The exact percentage increase in the deficit is uncertain, with one report stating a 42% widening, while others simply describe it as a sharp surge.
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