The U.S. trade deficit unexpectedly increased in May to $42.3 billion, from a revised figure of $40.3 billion in April.

Imports outpaced exports in May, driven by increased demand for consumer goods and cars, the Commerce Department said.

The average trade deficit for the three months ending in May was $40.9 billion.

Increase your money and finance knowledge from home

How to Buy a Car

How to get the best deal and buy a car with confidence.

View Course »

What is Inflation?

Why do prices go up?

View Course »

Add a Comment

*0 / 3000 Character Maximum