US trade deficit grows to US$44.5 bil­lion in June

The Myanmar Times - - International Business -

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.

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