US Trade Deficit Widens By $46.3 Billion In June

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FILE – In this July 6, 2018, file photo, a container ship is docked at a port in Qingdao, in eastern China’s Shandong Province. The Trump administration is proposing raising planned taxes on $200 billion in Chinese imports to 25 percent from 10 percent, turning up the pressure on Beijing in a trade war between […]

The U.S. trade deficit widened in June for the first time in four months as exports fell and imports grew. Politically sensitive trade gaps with China, Mexico and Canada all increased.
    
The Commerce Department says the deficit in goods and services – the gap between what the US sells and what it buys in foreign markets – rose 7.3 percent to $46.3 billion in June from $43.2 billion in May. U.S. exports slid 0.7 percent to $213.8 billion; imports rose 0.6 percent to $260.2 billion.
    
In the first half of the year, the United States has registered a trade deficit of $291.2 billion, up 7.2 percent from January-June 2017.
    
President Donald Trump campaigned on a promise to bring down the gap, which he blames on bad trade deals.
 

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