US Trade Deficit Narrows to $50.7 Billion

The United States’ international trade deficit declined by $4.1 billion to $50.7 billion in June, the data published jointly by the US Census Bureau and the US Bureau of Economic Analysis showed on Wednesday. This reading followed a deficit of $54.8 billion in May and came in slightly worse than the market expectation for a deficit of $50.1 billion.

“June exports were $158.3 billion, $13.6 billion more than May exports,” the publication further read. “June imports were $208.9 billion, $9.5 billion more than May imports.”