The US trade deficit experienced a significant 16% decrease in June, reaching $60.2 billion, primarily due to a sharp decline in imports. This contraction was influenced by President Trump's tariffs,

The U.S. trade deficit narrowed in June on a sharp drop in consumer goods imports, the latest evidence of the imprint on global commerce President Donald Trump is making with sweeping tariffs on imported goods.

The U.S. trade deficit narrowed in June as President Donald Trump’s tariffs deterred businesses from importing goods, the Department of Commerce said Tuesday. Imports dropped around 4% from May after businesses hurried to front-load imports earlier this year before sweeping tariffs took effect.