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 supply chains. US exports, meanwhile, dropped by 4.0 percent to $279.0 billion, with declines largely seen in industrial supplies and materials, the report showed.

The U.S. trade deficit widened more than expected in May, with both imports and exports declining as U.S. President Donald Trump's tariffs sent shock waves through the economy and snagged supply chains. Trade data published Thursday showed the world's biggest economy logged an overall trade gap of $71.5 billion, in…