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U.S. goods trade deficit narrows as exports rebound

Wed, 29th Jul 2020 13:40

WASHINGTON, July 29 (Reuters) - The United States' trade
deficit in goods fell sharply in June amid a rebound in exports
after several month of decline when the COVID-19 pandemic
disrupted the flow of goods.

The Commerce Department said on Wednesday the goods trade
gap dropped 6.1% to $70.6 billion last month. Exports of goods
accelerated 13.9% to $102.3 billion, offsetting a 4.8% increase
in goods imports to $173.2 billion.
(Reporting by Lucia Mutikani
Editing by Gareth Jones)

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