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U.S. Markets

U.S. trade deficit shrinks in June

FILE PHOTO: Containers are seen on a shipping dock, as the global outbreak of the coronavirus disease (COVID-19) continues, in the Port of Los Angeles, California, U.S., April 16, 2020. REUTERS/Lucy Nicholson

WASHINGTON (Reuters) - The U.S. trade deficit narrowed in June as exports rebounded following several months of decreases, suggesting an improvement in global demand after being depressed by the COVID-19 pandemic.

The Commerce Department said the trade deficit fell to $50.7 billion from $54.8 billion. Economists polled by Reuters had forecast the trade gap would narrow to $50.1 billion in June.

Reporting By Lucia Mutikani; Editing by Andrew Heavens

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