The U.S. is scheduled to report advanced trade in goods data for May on June 27. Market expectations are for the deficit to widen to $59.5 billion from $57.5 billion in April, according to Bloomberg. Panjiva data indicates U.S. seaborne import shipments increased 10.3% in May vs. April, which certainly supports economists’ expectations. U.S. TRADE … Continue reading “U.S. Trade Deficit Likely to Widen on Imports”