27-June-2026
Economy News
 
Surge in Imports Drives US Goods Trade Deficit to 14-Month High in May
27-Jun-2026

The U.S. trade deficit in goods swelled to a 14-month high in May as businesses boosted imports, likely to avoid shortages and higher prices related to the war in the Middle East, prompting economists to cut their growth estimates for the second quarter.

News Source:- https://money.usnews.com/investing/news/articles/2026-06-26/us-goods-trade-deficit-widens-sharply-in-may-on-imports