US Trade Deficit Narrows to $73.3 Billion as Imports Fall in June
Youtube·2026-08-04 22:28

We're getting into the heart of why GDP was weak in the second quarter, basically because of imports into the United States. The trade balance comes in at -73.3% billion, which is a little worse, not too much worse than the trade balance was forecast to be. But imports were down 1.8%, exports down 0.9%.Now, what we've added in here is services. In the preliminary report on trade, it was $101 billion negative because we had a big rise in imports based on AI people bringing in goods to satisfy the demand for ...

US Trade Deficit Narrows to $73.3 Billion as Imports Fall in June - Reportify