In April, the US trade deficit widened to $74.6bn, its largest since Oct 2022, due to increased imports.
The US trade deficit widened in April to $74.6 billion, its largest since October 2022, due to a surge in imports of goods including motor vehicles, computers, and industrial supplies. The gap in goods and services trade grew 8.7% from the prior month, with imports rising 2.4% to $338.2 billion. This wider trade deficit comes amidst concerns about weaker global demand and export growth.
June 06, 2024
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