US trade deficit widens in May as Trump tariffs fuel uncertainty
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WASHINGTON: The US trade deficit widened more than expected in May, with both imports and exports declining as US President Donald Trump's tariffs sent shock waves through the economy and snagged supply chains. Trade data published Thursday (Jul 3) showed the world's biggest economy logged an overall trade gap of US$71.5 billion, in the month after Trump imposed a 10 per cent duty on most trading partners before pausing steeper rates for dozens of these economies . This was an expansion from
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