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Trade deficit narrows in May as exports hit two-year high

Gap decreases 2.3% to US$46.5b but trade could still be a drag on GDP in Q2

Published Thu, Jul 6, 2017 · 09:50 PM

Washington

THE US trade deficit fell in May as exports increased to their highest level in just over two years, but trade could still weigh on economic growth in the second quarter.

The Commerce Department said on Thursday that the trade gap decreased 2.3 per cent to US$46.5 billion. April's trade deficit was unrevised at US$47.6 billion.

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International

International

Trade deficit narrows in May as exports hit two-year high

International

Beijing city to subsidise domestic AI chips, targets self-reliance by 2027

China passes tariff law as tensions with trading partners simmer

Blinken meets Chinese counterpart Wang Yi in Beijing

South Korea’s public finances no longer a credit rating ‘strength’: Fitch

UK consumer confidence improves as inflation and taxes fall

Inflation in Japan’s capital falls below BOJ target, slows for second month

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