The U.S. Trade Gap Widens Slightly
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The U.S. Trade Gap Widens Slightly
WASHINGTON (Reuters) - The U.S. trade deficit remained near record levels in May at $41.84 billion, as U.S. exports struggled to show growth and record demand for foreign oil helped push imports slightly higher, the Commerce Department said on Friday.
The trade gap was the third highest on record and only slightly wider than the revised estimate of $41.65 billion for April. The May tally was in line with an average estimate of $41.50 billion made by analysts before the report.
The trade gap was the third highest on record and only slightly wider than the revised estimate of $41.65 billion for April. The May tally was in line with an average estimate of $41.50 billion made by analysts before the report.
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