US Goods Trade Deficit Contracts Less than Expected in June

Trade deficit shrinks amid decline in imports

WASHINGTON — The U.S. trade deficit in goods narrowed in June amid a broad decline in imports, but the improvement was probably insufficient to prevent trade from again subtracting from economic growth in the second quarter.

China Trade Deficit Fell 32%. What Changed?

President Trump’s tariff strategy produced one result that is hard to wave away: the U.S. goods trade deficit with China fell 32 percent in 2025. China was no longer the country’s largest goods-deficit partner for the first time since 2000. That does not settle every argument about tariffs. It does show that the old claim...

Trump’s Tariffs Didn’t Improve the Deficit but Did Increase Consumer Costs » Sons of Liberty Media

The undeniable truth is easy to see in pictures. Advance International Trade in Goods The international trade deficit was $101.5 billion in June, down $4.4 billion from $105.9 billion in May. Exports of goods for June were $204.7 billion, $3.8 billion less than May exports. Imports of goods for June were $306.2 billion, $8.2 billion …

US goods trade deficit shrinks, is still expected to weigh on Q2 GDP growth

U.S. goods trade deficit narrows on drop in imports

The shortfall in goods trade declined 4.2% from the prior month to $101.5 billion. U.S. exports of goods fell 1.8%, led by a slide in industrial supplies, while imports dropped by 2.6%.

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.