Trade gap narrows: US deficit dips 16% to $60.2 billion in June; import slump follows Trump’s tariffs
The US trade deficit experienced a significant 16% decrease in June, reaching $60.2 billion, primarily due to a sharp decline in imports. This contraction was influenced by President Trump’s tariffs, which led to reduced foreign purchases amid rising costs. The goods trade deficit with China also narrowed amidst ongoing trade tensions between the two nations.🕒 1 min read
The US trade deficit experienced a significant 16% decrease in June, reaching $60.2 billion, primarily due to a sharp decline in imports. This contraction was influenced by President Trump’s tariffs, which led to reduced foreign purchases amid rising costs. The goods trade deficit with China also narrowed amidst ongoing trade tensions between the two nations.
Continue Reading
-
Opinion: Opinion | Why The Word ‘Nuclear’ Shouldn’t Scare Us So
- Strait of Hormuz uncertainty chokes crude imports: India’s oil stock down 15% since US-Iran war; here’s what it means
- Blasts Across Dubai, Doha, Sirens In Tel Aviv As Iran Launches Missiles Again
- Elon Musk Said He Fathered A Child With A Japanese Pop Star: Report
-
Riyan Parag Tears Into IPL Commentators Over Personal Attacks: “Talk About Cricket”
- Man Sentenced To Life For Murdering Girlfriend In 2021 In Jaipur
- Banana vs Banana Milkshake: Which Is Better For Your Gut?
-
Himanta Sarma Says Probe Report Exposes Cartel With ‘Links’ To Gaurav Gogoi
- Pakistan Let Iran Park Jets At Nur Khan Airbase To Shield From US Strikes: Report
-
J&K Administration Orders Suspension Of Senior Cop For ‘Slapping’ Officer
