US trade deficit narrows as imports drop amid tariff tensions
WASHINGTON: The US trade deficit narrowed sharply in June as imports retreated more than exports, reflecting the impact of President Donald Trump’s tariffs on global trade. Government data showed the deficit shrank by 16 percent to $60.2 billion, down from a revised $71.7 billion in May. The decline was steeper than analysts expected, driven largely… Continue reading US trade deficit narrows as imports drop amid tariff tensions