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8/9/2012 9:00:00 AM Write a Letter to the Editor Write a letter to the Editor

U.S. Trade Deficit Shrinks in June


Larry Smith/Trans Pixs
The U.S. trade deficit shrank 11% in June, the Commerce Department said Thursday.

The gap between imports and exports fell to $42.9 billion, from $48 billion in May.

Economists had projected a $47.5 billion trade gap, Bloomberg reported.

Imports decreased 1.5% to $227.9 billion, while exports increased 0.9% to $185 billion.

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