US Trade Gap Narrows In June On Imports Pullback – By AFP News (IB Times) / Aug 8, 2023
The US trade deficit narrowed in June on a bigger pullback in imports than exports, according to government data released on Tuesday.
The overall trade gap came in at $65.5 billion in June, down from a revised $68.3 billion figure in May, Commerce Department data showed.
This came as exports fell by $0.3 billion to $247.5 billion, while imports dropped $3.1 billion to $313.0 billion.
While stronger than expected consumer spending has helped to boost US trade, analysts have noted that this could weaken going forward.
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