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US-TRADE-DEFICIT-INDICATOR
US trade deficit steady at $55.2 bn in June as exports sink
WASHINGTON, Aug 2, 2019 (BSS/AFP) – America’s mammoth trade deficit held steady in June as foreign demand for US goods and services weakened across the board, according to government data released Friday.
The falling exports and deteriorating trade picture comes as President Donald Trump intensifies his trade war with Beijing, and China vows to retaliate, which economists say is helping to weaken global growth and international commerce.
The US trade gap fell a token 0.3 percent to $55.2 billion, with exports falling faster than imports amid a general decline in international trade, according to the Commerce Department.
Analysts had expected a slightly larger decline.
BSS/AFP/MMA/1835HRS