According to the Advance Economic Indicators Report by the Commerce Department’s Census Bureau, the U.S. trade deficit in goods decreased sharply in June due to a decline in imports.
The Commerce Department reported that the international trade deficit was $86.0 billion in June, down $10.4 billion from $96.4 billion in May. Exports of goods for June were $178.2 billion, $1.1 billion less than May exports. Imports of goods for June were $264.2 billion, $11.5 billion less than May imports.
The report confirms economists’ expectations that an increase in trade caused by tariffs likely helped the anticipated rebound in economic growth in the second quarter.
Wholesale inventories for June, adjusted for seasonal variations and trading day differences but not for price changes, were estimated at an end-of-month level of $907.7 billion, up 0.2 percent (±0.2 percent) from May 2025, and increased 1.5 percent (±0.5 percent) from June 2024.
Retail inventories for June, adjusted for seasonal variations and trading day differences but not for price changes, were estimated at a end-of-month level of $808.7 billion, up 0.3 percent (±0.2 percent) from May 2025, and increased 2.5 percent (±0.5 percent) from June 2024.
The report comes as the U.S. government is set to publish its advance estimate of second-quarter GDP on Wednesday.
By CEO NA Editorial Staff
