"The trade deficit swelled 42.2% to a seasonally adjusted $77.6 billion in May, according to Commerce Department data. It was the highest level in nearly a year, as imports of computer accessories, semiconductors, and other products related to the AI boom far outstripped exports," writes Bryan Mena.
US economy’s growth was weaker than expected in the second quarter | CNN BusinessThe world’s largest economy lost steam heading into summer as red-hot demand for AI infrastructure widened the trade deficit, dampening growth. But a look under the hood shows the economy is humming a...www.cnn.com