US Goods Trade Deficit Unexpectedly Shrinks in June

Date:

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.

spot_imgspot_imgspot_img

Share post:

More like this
Related

US Has Nearly 50 Percent More Home Sellers Than Buyers, Redfin Says

A "for sale" sign is posted in front of...

Florida Stands Out as a New Hub for BillionairesHeres What to Know

South Beach, Miami, Fla. ShutterstockIn 1976, the Steve Miller...

Trump Postpones Potential Strikes on Iranian Power Plants, Citing Ongoing Constructive Talks

Trump says talks with Iran went 'perfectly,' and could...

Energy Chief Calls On Oil Producers to Boost Output, Assures They’ll Profit After Iran War

S&P Global Vice Chairman Daniel Yergin (L) and Energy...