US Goods Trade Deficit Shrinks to 21-Month Low as Imports Plunge

2025-08-05 12:49 By Joana Ferreira 1 min. read

The US trade deficit in goods narrowed sharply by $11.4 billion in June 2025 to $84.85 billion, according to revised data—marking the smallest gap since September 2023.

The contraction follows months of volatility, including a record-high deficit of $162 billion in March, driven by inventory front-loading amid fears of aggressive new US tariffs.

In June, imports fell 4.6% from the prior month to $262.9 billion, the lowest level since March 2024, largely due to steep drops in consumer goods and industrial supplies.

Exports, meanwhile, edged down 0.7% to $178.1 billion, reflecting a modest softening in global demand.



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