The US merchandise-trade deficit shrank in June by more than forecast, reflecting a broad decline in imports as the pre-tariff rush to secure goods unwinds.The shortfall in goods trade narrowed 10.8% from the prior month to $86 billion,

The U.S. trade deficit in goods contracted sharply in June amid a decline in imports, cementing economists' expectations that trade likely accounted for much of an anticipated rebound in economic growth in the second quarter.

The U.S. trade deficit in goods significantly decreased as imports fell, suggesting a positive impact on economic growth for the second quarter. The deficit narrowed to $86.0 billion, contrary to economist expectations.

B in June, the -$98.3B shortfall expected and -$96.6B in the prior month, according to data released by the U.S. Census Bureau on Tuesday.

The U.S. trade deficit in goods reached a nearly two-year low in June as imports sharply declined, signaling potential growth in the economy's second quarter. The unexpected contraction in the trade gap might lead economists to upgrade GDP estimates,

This year has been dominated by global trade tensions. India’s exporters have had to cope with the prospects of US tariffs, the India-Pakistan conflict, and Israel’s attack on Iran in June.

Under pressure from the U.S. trade war and a slowing economy, Canada's provinces are all expected to run fiscal deficits this year — but a Conference Board of Canada report predicts those deficits will narrow in the coming years.