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HomeBusinessUS Goods Trade Deficit Unexpectedly Shrinks in June

US Goods Trade Deficit Unexpectedly Shrinks in June

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US Goods Trade Deficit Unexpectedly Shrinks in June

Shipping containers are stacked on a cargo ship as they are offloaded at PortMiami in Miami, Fla., on April 15, 2025. Joe Raedle/Getty Images

The U.S. trade deficit in goods narrowed in June as imports declined, fueling expectations of a sharp second-quarter GDP rebound.

The international goods trade gap declined by nearly 11 percent, or $10.4 billion, to $86 billion, according to new Commerce Department data released on July 29.

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