US Trade Deficit Surges Despite Donald Trump's Tariffs
World,Trade,Tariffs,Global Economy,Donald Trump
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AllSides Media Bias Rating: Center
The Commerce Department's Census Bureau on Thursday reported that the international trade in goods increased by about 11 percent in May as exports decreased while imports remained relatively unchanged.
Newsweek reached out to the White House by email on Thursday morning for comment.
The bureau reported a gap of around $96.6 billion, up 11.1 percent compared to the $87 billion reported in April. Exports for May dropped to $179.2 billion, dropping about five percent (or $9.7 billion) from April, while imports were about $0.1 billion less at around $275.8 billion...
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