US trade deficit narrows 16% in June
05/08/2025
Argaam
The US trade deficit narrowed in June on a sharp drop in consumer goods imports.
The overall trade gap narrowed 16.0% in June to $60.2 billion from $71.7 billion in May, the Commerce Department's Bureau of Economic Analysis said on Tuesday.
US exports in June totaled $277.3 billion, down $1.3 billion from May, while imports fell $12.8 billion to $337.5 billion.
The overall trade deficit increased by 38.3%, or $161.5 billion, from the beginning of the year through the end of June compared to the same period last year, with exports rising by $82.2 billion and imports increasing by $243.7 billion.
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