U.S. trade gap widens by more than forecast to highest in 2019

THE UNITED STATES trade deficit increased 8.4% in May to $55.5 billion. / BLOOMBERG NEWS FILE PHOTO/QILAI SHEN
THE UNITED STATES trade deficit increased 8.4% in May to $55.5 billion. / BLOOMBERG NEWS FILE PHOTO/QILAI SHEN
WASHINGTON – The United States trade deficit widened by more than forecast to a five-month high as imports surged the most since 2015, illustrating how President Donald Trump’s trade policies are weighing on the economy. The gap increased 8.4% in May to $55.5 billion and April’s level was bigger than previously reported, Commerce Department data…

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