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U.S. trade deficit rises 27% in May
The U.S. trade deficit increased by 27.4% in May, reaching $105.8 billion, driven by a $10.9 billion rise in imports to $313.4 billion and an $11.8 billion decrease in exports to $207.7 billion. This rise could put pressure on economic growth, with forecasts indicating a Gross Domestic Product (GDP) growth of around 2.5% in the second quarter.
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