The U.S. international trade deficit narrowed 7.3% in May to $69 billion, the Commerce Department said Thursday
After hitting a six-month high in April, the U.S. international trade deficit narrowed 7.3% in May to $69 billion, the Commerce Department said Thursday.Imports fell 2.3% to $316.1 billion in May. The drop was led by consumer goods, including cell phones. Exports... After hitting a six-month high in April, the U.S. international trade deficit narrowed 7.3% in May to $69 billion, the Commerce Department said Thursday.Imports fell 2.3% to $316.1 billion in May.
Over time, economists expect the deficit to widen as exports are held down from weak conditions overseas, particularly in China. Stocks DJIA SPX were set to open lower Thursday while the yield on the 10-year Treasury note TMUBMUSD10Y rose above 4%
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