US trade deficit grows to US$44.5 billion in June
The US trade deficit grew more than expected in June as imports jumped and the gap with China continued to widen, government data showed. The country’s trade deficit with the rest of the world climbed 8.7 percent in June to a seasonally adjusted US$44.5 billion. Analysts had only expected a 3.9pc increase. The figures mark the third straight month the deficit has grown, weighing on US growth and possibly fuelling the arguments of Republican presidential candidate Donald Trump for protectionist policies.