By Marcus Leach
On the same day the UK trade deficit widened the US have experienced a similar fate as theirs reached its highest level in thirty-one months.
Data released by the Commerce Department shows that the deficit has widened to $50.2 billion (£31.7 billion) in May as oil imports surged.
Due to the increase in oil prices imports reached their second highest level on record.
The unexpected 2.6% rise in imports to $225.1bn may prompt economists to revise US domestic growth figures.
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