U.S. trade deficit shrinks in June



Lucia Mutikani | Reuters

WASHINGTON (Reuters) – The U.S. trade deficit narrowed in June as exports rebounded following several months of decreases, suggesting an improvement in global demand after being depressed by the COVID-19 pandemic.

The Commerce Department said the trade deficit fell to $50.7 billion from $54.8 billion. Economists polled by Reuters had forecast the trade gap would narrow to $50.1 billion in June.

To view the original article, click here.