US Trade Deficit Shrinks to $60.2 Billion in June, Official Data Shows

According to government reports released on Tuesday, the United States saw a reduction in its overall trade deficit during June, totaling $60.2 billion. This decline was driven by a sharper decrease in imports compared to exports, amid ongoing challenges businesses face due to tariffs imposed by President Donald Trump on both allies and competitors. The data highlights the shifting dynamics of America's trade balance amid tariff policies and global economic factors.