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Aug 5 (Reuters) - The U.S. trade deficit narrowed in June on a sharp drop in consumer goods imports, the latest evidence of the imprint on global commerce President Donald Trump is making with sweeping tariffs on imported goods.

The overall trade gap narrowed 16.0% in June to $60.2 billion, the Commerce Department's Bureau of Economic Analysis said on Tuesday. Days after reporting that the goods trade deficit tumbled 10.8% to its lowest since September 2023, the government said the full deficit including services also was its narrowest since September 2023.

Exports of goods and services totaled $277.3 billion, down from more than $278 billion in May, while total imports were $337.5 billion, down from $350.3 billion.

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[-] FauxPseudo@lemmy.world 9 points 3 weeks ago

We can no longer trust numbers supplied from the government

Trade is decreasing because people aren't buying.

Trade is decreasing because companies don't have any more room left in warehouses since they stocked up to avoid future tariffs so there was a bump and now there is a dip.

Companies have decreased investment in domestic production because the cost to import the equipment needed is going up and they have to make 15 year projections with unreliable data so they are holding still.

this post was submitted on 05 Aug 2025
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