WASHINGTON - The US trade deficit widened in May as the COVID-19 pandemic pushed exports to their lowest level since 2009, strengthening expectations the economy will contract in the second quarter at
its steepest pace since the Great Depression.
Exports tumbled 4.4 percent to $144.5 billion, the lowest since November 2009. Goods exports plunged 5.8 percent to $90.0 billion, the lowest since August 2009. Imports slipped 0.9 percent to $199.1 billion, the lowest since July 2010. Goods imports fell 0.8 percent to $166.0 billion, the lowest since September 2010.
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