The US trade deficit shrank in June to its lowest level in nearly two years, as a pre-tariff rush to import goods subsided.

Economists polled by Reuters had forecast the goods trade deficit would rise to $98.20 billion. Imports of goods decreased $11.5 billion, or 4.2%, to $264.2 billion, the lowest level since March 2024.

The U.S. trade deficit narrowed sharply in June as businesses cut back on purchases of foreign-made capital goods, resulting in imports falling to the lowest level in more than 1-1/2 years.

The notable reduction in US trade deficit was driven by a sharp decline in consumer goods imports and a historic cutbacks in ...

The US trade gap narrowed in June, government data showed Tuesday, as imports pulled back more than exports while businesses ...

GOODS TRADE GAP SHRINKS The goods trade deficit narrowed 0.6% to $89.4 billion in November. When adjusted for inflation, the goods trade deficit contracted $2.3 billion, or 2.7%, to $84.8 billion.

Rising imports and stagnating exports pushed the EU’s June trade surplus to its lowest in over a year, as tariffs and global ...

WASHINGTON (Reuters) -The U.S. trade deficit in goods narrowed to the lowest level in nearly two years in June as imports fell sharply, cementing economists' expectations that trade likely accounted ...

GOODS TRADE GAP SHRINKS The goods trade deficit narrowed 0.6% to $89.4 billion in November. When adjusted for inflation, the goods trade deficit contracted $2.3 billion, or 2.7%, to $84.8 billion.