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The US trade deficit widened as exports declined

2020-07-03T09:17:25.789Z

WASHINGTON-SANA The US trade deficit widened last May as exports fell to their lowest levels in a yearWashington-Sana The US trade deficit widened last May as exports fell to their lowest levels since 2009 due to the Corona virus pandemic. Reuters quoted the US Commerce Department as saying yesterday that the trade deficit had increased by 9.7 percent to $ 54.6 billion, and exports had decreased by 4.4 percent to $ 144.5 billion, its lowest level since November 2009. US goods exports tumbled 5....



Washington-Sana

The US trade deficit widened last May as exports fell to their lowest levels since 2009 due to the Corona virus pandemic.

Reuters quoted the US Commerce Department as saying yesterday that the trade deficit had increased by 9.7 percent to $ 54.6 billion, and exports had decreased by 4.4 percent to $ 144.5 billion, its lowest level since November 2009.

US goods exports tumbled 5.8 percent to $ 90 billion, the lowest level since August 2009, and travel restrictions have affected services exports, declining to $ 54.5 billion, the lowest level since December 2011.

The US economy contracted by five percent in the first quarter, which is the most declining rate since the recession between 2007 and 2009.

Source: sena

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