WASHINGTON (Pakistan Point News / Sputnik - 08th August, 2023) The US trade deficit stood at $65.5 billion in June, retreating from April's six-month high, as imports fell more than exports for a second month in a row, the Commerce Department reported Tuesday.
"The goods and services deficit was $65.5 billion in June, down $2.8 billion from $68.3 billion in May, revised," the department said in a news release.
In April, the deficit was at a six-month high of $74.4 billion.
US imports were at $313 billion in June, down $3.1 billion from May. Records showed it to be the lowest imports in 18 months.
Exports were at $247.5 billion, some $0.3 billion less than in May.
The difference between the two resulted in the deficit for last month.
