U.S. Trade Gap Narrows as Autos Spur Record Exports Increase



Elizabeth Dexheimer and Katia Dmitrieva | Bloomberg News

The deficit in U.S. trade of goods and services narrowed in June for the first time since February as exports jumped, though shipments remained well below pre-pandemic levels.

Exports increased from the prior month by 9.4%, the most in records back to 1992 to $158.3 billion, according to Commerce Department data released Wednesday. Imports climbed 4.7%, the most since March 2015, to $208.9 billion.

Both increases reflected a pick-up in shipments of autos and parts after factories restarted production.

To view the original article, click here.