Washington: The US trade deficit narrowed slightly in June, government data showed on Tuesday, with both imports and exports contracting over the month before.
The overall trade gap came in at $73.3 billion, down 5.6 percent from May on the back of a bigger decrease in imports than exports.
The data missed expectations slightly, with Briefing.com forecasting the deficit to come in at $69.6 billion.
US President Donald Trump has sought to remake the global trade order since taking office last year, imposing a raft of sometimes eyewatering tariffs on Washington's friends and foes alike.
Some of the tariffs have been withdrawn after being contested in court. His latest salvo faced a similar challenge earlier this week in the New York-based Court of International Trade.
The Republican billionaire has made narrowing the US trade gap by increasing exports while onshoring industries and manufacturing a key promise of this term.
In June, imports came in at $388 billion, down $7.3 billion from the month before, while exports dropped $2.9 billion compared to May.
Over the course of 2026 so far, the US goods and services deficit has decreased by 33.8 percent compared to the same period in 2025, mostly off the back of a 11.7 percent increase in exports.
