U.S. Trade Deficit Unexpectedly Increased in May

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The U.S. trade deficit unexpectedly increased in May to $42.3 billion, from a revised figure of $40.3 billion in April.

Imports outpaced exports in May, driven by increased demand for consumer goods and cars, the Commerce Department said.

The average trade deficit for the three months ending in May was $40.9 billion.
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