\n
The U.S. trade deficit in goods increased in May amid a decline in exports, but an ebbing inflow of imports likely positions trade to make a big contribution to gross domestic product in the second quarter.<\/p>\n
The goods trade gap widened 11.1% to $96.6 billion last month, the Commerce Department’s Census Bureau said on Thursday. Exports of goods dropped $9.7 billion to $179.2 billion. Goods imports were little changed at $275.8 billion.<\/p>\n
A flood of imports as businesses rushed to bring in goods before President Donald Trump’s sweeping tariffs came into effect boosted the goods trade deficit to a record high in the first quarter, accounting for much of the 0.5% annualized rate of decline in GDP during that period.<\/p>\n
The Atlanta Federal Reserve is forecasting GDP accelerating at a 3.4% rate this quarter. Given the gyrations from imports, economists cautioned against interpreting the anticipated bounce back in GDP as a sign of economic strength.<\/p>\n
Data on retail sales, the housing and labor markets have suggested economic activity is softening.<\/p>\n
(Reuters)<\/p>\n<\/p><\/div>\n<\/div>\n
maritime professional<\/p>\n","protected":false},"excerpt":{"rendered":"
June 26, 2025
\u00a9 Adobe Stock\/Yellow Boat
The U.S. trade deficit in goods increased in May amid a decline in exports, but an ebbing inflow of imports likely positions trade to make a big contribution to gross domestic product in the second quarter. The goods trade gap widened 11.1% to $96.6 …<\/p>\n","protected":false},"author":1,"featured_media":62944,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64],"tags":[],"class_list":["post-62943","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-maritime-news"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/62943","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=62943"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/62943\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/62944"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=62943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=62943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=62943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}