- Published on Friday, 13 July 2012 15:47
- Written by Super User
According to Bloomberg News, the U.S. trade deficit dropped 3.8% in May to $48.7 billion. Even though the U.S. imported more business equipment and cars, exports rose .2% reflecting stronger sales of telecommunications equipment and heavy machinery. Imports fell 0.7% partially due to the lowest level in 15 months of imported oil.