The US goods trade deficit fell significantly in June, amid a decline in imports. According to the Commerce Department's Census Bureau, the goods trade deficit narrowed 10.8 percent to $86.0 billion last month.
Imports of goods fell $11.5 billion to $264.2 billion. Exports of goods fell $1.1 billion to $178.2 billion.
The surge in imports, as businesses sought to import before higher tariffs on foreign goods were imposed, led to a 0.5 percent annual decline in GDP during the January-March quarter.
Source (Emirati newspaper Al Khaleej, edited)
