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US trade deficit narrows, exports hit five-month low ahead of key GDP print
The US goods trade deficit narrowed in June as imports declined more sharply. Imports fell across most major categories, reflecting scaled-back business stockpiling efforts. Exports also weakened during the month, though automotive and consumer goods shipments increased. Economists anticipate trade will remain a drag on second-quarter economic growth. Inventories remained stable, suggesting businesses maintain cautious stock levels.
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cryptobriefing.com
US goods trade deficit narrows in June as imports decline faster than exports
The US goods trade deficit narrowed in June as imports declined faster than exports, with implications for dollar strength, Fed policy, and
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economictimes.indiatimes.com
US trade deficit narrows, exports hit five-month low ahead of key GDP print
The US goods trade deficit narrowed in June as imports declined more sharply. Imports fell across most major categories, reflecting scaled-back business stockpiling efforts. …
