24 Hrs
Source:
الاقتصادية
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US trade deficit narrows due to lower imports
The U.S. trade deficit on goods decreased by 4.2% in June to $101.5 billion, driven by a 2.6% decline in imports and a 1.8% decrease in exports. Tensions with Iran, increased market demand for oil, and corporate expansions into AI imports and inventory buildup have caused fluctuations in the deficit over recent months. Additionally, escalating tensions with Iran and the imposition of new tariffs have raised concerns about disrupting shipping and driving up prices, reflecting the impact of geopolitical and trade factors on economic performance.
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