US Goods Trade Deficit Shrinks in June

The U.S. economy is projected to surge by more than 2 percent in the second quarter.

Shipping containers are stacked on a cargo ship as they are offloaded at PortMiami in Miami, Fla., on April 15, 2025. Joe Raedle/Getty Images

The U.S. trade deficit in goods narrowed in June as imports declined, fueling expectations of a sharp second-quarter GDP rebound.

The international goods trade gap declined by nearly 11 percent, or $10.4 billion, to $86 billion, according to new Commerce Department data released on July 29.