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US trade deficit widens to $45 bn in May

A cargo ship stands on Long Beach harbour, California, on April 26, 2012. The US trade deficit increased more than expected in May as exports fell, accoring to the Commerce Department.The US trade deficit increased more than expected in May as imports surged and exports fell, official data released Wednesday showed. The trade gap widened to $45.0 billion, up from a revised $40.1 billion in April, the Commerce Department reported. It was the sharpest one-month increase in the US trade shortfall in more than two years,and the largest single-month deficit since November.