NYTIMES (Ana Swanson) - U.S. Trade Deficit Dips in June as Imports Fall Back
Imports and exports both declined, retreating from a busy month in May, data from the Commerce Department showed.
Imports and exports both declined, retreating from a busy month in May, data from the Commerce Department showed.
Imports of foreign goods hit a record high in the month, pushing the trade deficit to its highest level in over a year.
Imports rose and exports fell in the month, pushing the trade deficit to its highest level in over a year
Both exports and imports rose after the Supreme Court struck down many of the president’s highest levies in February.
The data showed imports dipped and exports rose in the month before the Supreme Court struck down most of the president’s tariffs.
The U.S. trade deficit nearly doubles despite tariffs, as former President Donald Trump threatens 100% tariffs on Canada and weighs trade leverage in Greenland discussions. Lawmakers and analysts debate the economic impact, while a soybean farmer says he lost about half his crop amid tariff fallout.
Data released Thursday by the Census Bureau showed the overall trade deficit with the world narrowed, the result of an expanding trade surplus in services. The trade deficit in goods was the highest on record.
The monthly trade deficit and imports rebounded in November after shrinking significantly in prior months, new data show.
The monthly trade deficit and imports rebounded in November after shrinking significantly in prior months, new data show.