04/19/2024

U.S. Trade Gap Narrows 5.9%

WASHINGTON—The U.S. trade gap narrowed sharply in June as a strengthening global economy pushes up demand for American exports overseas.

The trade deficit with other nations contracted 5.9% from a month earlier to $43.64 billion, the Commerce Department said Friday. The deficit fell because exports rose 1.2% while imports fell 0.2%.

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