US trade deficit jumps in May to highest level since 2022, Gap widens 0.8%
July 3, 2024 7:28 PM IST
A widening of the trade deficit is expected to subtract from gross domestic product for a second straight quarter.
Shipping containers at the Port of Los Angeles in Los Angeles, California, US, on Friday, June 28, 2024. The US Census Bureau is scheduled to release trade balance figures on July 3. Photographer: Eric Thayer/Bloomberg
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