US trade deficit widens to a 5-month high of $55.5 billion in May

• The U.S. trade deficit rose to a five-month high in May as the politically sensitive imbalances with China and Mexico widened.
• The Commerce Department says the gap between the goods and services the U.S. sells and what it buys from foreign countries rose 8.4% to $55.5 billion in May, the highest since December. Exports increased 2% to $210.6 billion on rising shipments of soybeans, aircraft, and cars. But imports climbed more — 3.3% to $266.2 billion — on an increase in crude oil and cellphones
• The deficit in the trade of goods with Mexico rose 18.1% to a record $9.6 billion. The goods gap with China widened 12.2% to $30.2 billion.

 (Source: CNBC)