July 29, 2020 / 12:42 PM / 8 days ago

U.S. goods trade deficit narrows as exports rebound

WASHINGTON, July 29 (Reuters) - The United States’ trade deficit in goods fell sharply in June amid a rebound in exports after several month of decline when the COVID-19 pandemic disrupted the flow of goods.

The Commerce Department said on Wednesday the goods trade gap dropped 6.1% to $70.6 billion last month. Exports of goods accelerated 13.9% to $102.3 billion, offsetting a 4.8% increase in goods imports to $173.2 billion. (Reporting by Lucia Mutikani Editing by Gareth Jones)

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