The US trade deficit increased by 9.5% to a earlier this year high of $ 1.5tn in five-month , RDQ Economics said. Washington is also seeking to revamp the North American Free Trade Agreement. Exports of soyabeans and civilian aeroplanes fell while imports reached a record high. The government's implementation of a $ 1.5tn tax cut five-month could increase the trade deficit further by boosting consumer and business spending, which in turn will increase imports, according to economists including John Ryding of RDQ Economics .
The US trade deficit increased by 9.5% to a earlier this year high of $ 1.5tn in five-month , RDQ Economics said. Exports of soyabeans and civilian aeroplanes fell while imports reached a record high. The government's implementation of a $ 1.5tn tax cut five-month could increase the trade deficit further by boosting consumer and business spending, which in turn will increase imports, according to economists including John Ryding of RDQ Economics .