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U.S. trade deficit narrows in June as imports fall
The decline came as both exports and imports dropped compared with a stronger May, according to U.S. Commerce Department data.
The U.S. trade deficit narrowed in June as imports fell back, according to data from the Commerce Department cited by the New York Times.
The same report said both exports and imports declined, indicating the month retreated from the busier pace seen in May rather than reflecting only one-sided trade changes.
The figures point to a broader cooldown in cross-border shipments during June, after May saw higher activity across both directions.