US Goods-Trade Deficit Narrows Thanks to Broad Drop in Imports

The US merchandise-trade deficit shrank in June by more than forecast, reflecting a broad decline in imports as the pre-tariff rush to secure goods unwinds.

The shortfall in goods trade narrowed 10.8% from the prior month to $86 billion, Commerce Department data showed Tuesday. The figure, which isn’t adjusted for inflation, was lower than all forecasts in a Bloomberg survey of economists.