US trade deficit narrowed to 8-month lowest level in June


The trade deficit of the United States narrowed 6 percent in June to the lowest level it had in the last 8 months.  According to the report of the US Department of Commerce, the trade deficit of the US narrowed by 6 percent in June and became $ 43.6 billion. For the US President Donald Trump, the trade surplus, which is among the primary problems, was set at $ 45.5 billion.

The data below expectations also showed the lowest level since October 2016. On the other hand, it was stated by the US Department of Commerce that the trade surplus increased by 13.1% in June compared to the same period of the previous year.

Another important development about the US trade is that exports rose 1.2 percent to 194.4 billion euros In June, reaching its highest level since December 2014. In addition, imports declined 0.2 percent to a level of $ 238 billion.

On the other hand, foreign trade deficit data for May was revised from 46.5 billion dollars to 46.4 billion dollars.


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US trade deficit narrowed to 8-month lowest level in June

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