US EditionUS goods trade deficit shrinks in likely boost to second-quarter GDP
UNITED STATES, JUL 29 – Imports fell 4.2% in June with consumer goods down 12.4%, narrowing the trade deficit to $86 billion and supporting forecasts of stronger second-quarter GDP growth.
- In June 2025, the U.S. trade gap for goods decreased sharply to $86.0 billion, marking its lowest level in nearly two years.
- The deficit shrink followed a 4.2% drop in imports driven by a steep 12.4% decline in consumer goods after firms accelerated purchases ahead of April tariffs.
- Exports remained mostly stable with a slight 0.6% dip to $178.2 billion, while wholesale and retail inventories showed modest increases in June.
- Economist Matthew Martin stated that this trade gap reduction "lends upside risk for our GDP forecast," with a Reuters survey forecasting a 2.4% GDP rebound in Q2 2025.
- The narrowing deficit is expected to support the second-quarter economic growth by subtracting less from overall output amid clearing inventory stockpiles.
26 Articles
26 Articles
U.S. goods trade deficit drops to lowest in nearly two years | Honolulu Star-Advertiser
WASHINGTON >> The U.S. trade deficit in goods narrowed to the lowest level in nearly two years in June as imports fell sharply, cementing economists’ expectations that trade likely accounted for much of an anticipated rebound in economic growth in the second quarter.
U.S. Trade Deficit Shrinks Sharply as Tariff Strategy Drives Down Imports
US government data for June 2025 show a marked impact from President Trump’s trade policy. The US goods trade deficit fell sharply by 10.8% to $86 billion versus May’s $96.4 billion, according to official figures from the US Census Bureau and the Bureau of Economic Analysis. A core driver was a steep 4.2% drop in […]
The US merchandise trade deficit contracted more than expected in June, reflecting a general decline in imports as the rush to purchase goods before the entry into force of tariffs fades.The trade deficit declined by 10.8 percent compared to the previous month, to 86 billion dollars, according to data from the Department of Commerce published on Tuesday.The figure, which is not adjusted to inflation, was lower than all the projections of a Bloom…
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