O trade deficit of the USA It increased sharply in May with falling exports, but imports at low suggest that trade can still lead the expected recovery of economic growth in the second quarter.
The commercial deficit increased 18.7% in May, reaching US $ 71.5 billion, the Department of Commerce said on Thursday (3).
April data was reviewed to show that the commercial deficit decreased to US $ 60.3 billion instead of the previous $ 61.6 billion. Economists consulted by Reuters predicted that the deficit would increase to $ 71.0 billion.
The commercial deficit cut a record of 4.61 percentage points of gross domestic product in the first quarter, being responsible for much of the retraction of 0.5% of GDP during this period.
The expectation is for reversal in the second trimester, although the expected impetus of trade is probably partially compensated for consumer warm spending.
President Donald Trump’s comprehensive tariffs, who led companies and families to anticipate imports and goods purchases to avoid higher prices arising from tariffs, have confused the economic scenario.
Economists warned that it can take some time so that tariff -related distortions are eliminated from economic data.
