The U.S. trade deficit widened sharply in May as exports fell, but subsiding imports suggested trade could still lead an anticipated rebound in economic growth in the second quarter.

The U.S. trade deficit expanded in May, rebounding modestly as American exports declined. In May, imports slipped to $350.5 billion, from $350.8 billion a month earlier, according to the Commerce Department.

The US trade deficit widened more than expected in May, with both imports and exports declining as US President Donald Trump's tariffs sent shock waves through the economy and snagged