TechFlow, July 3 — According to Jinshi Data, the U.S. trade deficit widened in May as exports declined. Data from the U.S. Department of Commerce showed that imports edged down to $350.5 billion in May, slightly lower than $350.8 billion in April. However, exports dropped more significantly, falling from $290.6 billion in April to $279 billion.
This pushed the trade deficit to $71.5 billion, a 19% increase from $60.3 billion in April and higher than the $70.9 billion economists had expected. The White House's negotiating stance has led to significant volatility in monthly trade data this year.
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