US Trade Deficit Expands Less Than Expected in May, Affecting Q2 Real GDP Growth
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#99dc5812 ver:0.63

The US trade deficit expanded in May, but less than expected, reaching its widest level since late 2022. Exports fell, imports decreased, and the deficit with China increased. The trade imbalance is expected to negatively impact Q2 GDP growth. In contrast, India recorded a current account surplus in the March quarter. The US agricultural trade deficit has seen a trend reversal, while President Biden highlights a lower trade deficit with China. #TradeDeficit #GDP #Exports #Imports #China #India...

#newstr #UsTradeDeficit #Exports #Imports #China #EconomicGrowth 

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