
Trade gap narrows: US deficit dips 16% to $60.2 billion in June; import slump follows Trump’s tariffs – Times of India
The US trade deficit shrank sharply in June to $60.2 billion, marking a 16% decline from the revised $71.7 billion recorded in May, according to data released Tuesday by the Department of Commerce. The unexpected contraction in the world’s largest economy’s trade gap was driven primarily by a steep drop in imports, as President Donald…