U.S. trade deficit shrinks in June

U.S. trade deficit shrinks in June

U.S. trade deficit shrinks in June The Commerce Department said the trade deficit fell to $50.7 billion from $54.8 billion    Image used for illustrative purpose. Cargo containers sit idle at the Port of Los Angeles as a back-log of over 30 container ships sit anchored outside the Port in Los Angeles, California, February 18, 2015.WASHINGTON- The U.S. trade deficit narrowed in June as exports rebounded following several months of decreases, suggesting an improvement in global demand after being depressed by the COVID-19 pandemic.The Commerce Department said the trade deficit fell to $50.7 billion from $54.8 billion. Economists polled by Reuters had forecast the trade gap would narrow to $50.1 billion in June.(Reporting By Lucia Mutikani; Editing by Andrew Heavens) (([email protected]; 1 202 898 8315; Reuters Messaging: [email protected])) Most Read