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U.S. Trade Gap Narrows 22%
America's trade deficit shrank to $34.2 billion in June from $44.1 billion a year earlier, according to the Dept. of Commerce.
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America's trade deficit shrank to $34.2 billion in June from $44.1 billion a year earlier, according to the Dept. of Commerce.
U.S. exports climbed 3% year over year to a record $191.2 billion in June. But exports of autos and parts fell 3% to $12.6 billion.
Imports contracted 1% to $225.4 billion for the month, largely because of shrinking oil shipments. Automotive imports dipped 1% to $25.7 billion.
The country's trade deficit with China narrowed 4% to $26.7 billion.
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