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

Intro to Retirement

Get started early planning for your long term future.

View Course »

Economics 101

Intro to economics. But fun.

View Course »

Add a Comment

*0 / 3000 Character Maximum