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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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[-] Bronzebeard@lemmy.zip 4 points 3 weeks ago

Both numbers going down is Really really bad

[-] humanspiral@lemmy.ca 3 points 3 weeks ago

Yes. Both less jobs in export sectors, although it is down marginally instead of keeping up with supposed GDP growth, and more scarce goods, as inventory levels fall off.

this post was submitted on 05 Aug 2025
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