The U.S. trade deficit widened sharply in April, driven by a combination of higher imports, particularly in the auto and raw materials sectors, and lower exports, according to data released Wednesday by the Commerce Department.
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The goods and services deficit with the rest of the world reached $74.6 billion, up 23 percent from the previous month, but still below analysts' expectations of a deficit of $75.3 billion, according to the consensus published by briefing.com
More information to come...