The U.S. trade deficit fell in June for the first time since February as exports posted a record increase, rising twice as fast as imports. The politically sensitive deficit in the trade of goods with China fell by 4 percent to US$26.7 billion in June. In June, the United States ran a US$72.2 billion deficit with the rest of the world in the trade goods such as aircraft and appliance. Compared to June 2019, total U.S. trade — exports plus imorts — plunged by 21.9 percent in June to US$367.2 billion. But two-way trade rebounded from May to June, rising 6.7 percent on a surge in both exports and imports of cars and auto parts.

Source: The Standard August 05, 2020 15:45 UTC