FX.co ★ US Trade Deficit Narrows in June

The US trade deficit narrowed to $73.3 billion in June 2026 from $77.6 billion in May, broadly in line with market expectations, as imports fell more sharply than exports. Imports declined 1.8% to $388.0 billion, led by reduced purchases of capital and consumer goods, particularly computers and pharmaceuticals, while services imports edged higher. Exports slipped 0.9% to $314.7 billion, reflecting weaker shipments of industrial supplies, including crude and fuel oil, and lower exports of capital goods, though services exports rose on stronger financial services and travel. For the first half of 2026, the cumulative trade gap narrowed to $371.2 billion from a record $560.5 billion a year earlier, indicating that US trade flows are gradually normalizing following last year’s tariff announcements and the associated front-loading of imports, even as uncertainty over US trade policy persists.