{"slug": "us-goods-trade-deficit-contracts-less-than-expected-in-june", "title": "US goods trade deficit contracts less than expected in June", "summary": "The U.S. goods trade deficit narrowed 4.2% to $101.5 billion in June, the Commerce Department's Census Bureau reported, missing economists' forecast of $100.0 billion. Goods imports fell $8.2 billion to $306.2 billion but remained elevated amid an artificial intelligence spending boom, while exports dropped $3.8 billion to $204.7 billion. The improvement is likely insufficient to prevent trade from subtracting from second-quarter GDP, with the advance estimate due Thursday.", "body_md": "WASHINGTON, July 28 (Reuters) - The U.S. trade deficit in goods narrowed in June amid a decline in imports, but the improvement was probably insufficient to prevent trade from again subtracting from economic growth in the second quarter.\n\nThe goods trade gap contracted 4.2% to $101.5 billion last month, the Commerce Department's Census Bureau said on Tuesday. Economists polled by Reuters had forecast the goods deficit at $100.0 billion.\n\nGoods imports decreased $8.2 billion to $306.2 billion, but remaining elevated amid an artificial intelligence spending boom. The AI build-out is heavily dependent on imports. Exports of goods fell $3.8 billion to $204.7 billion.\n\nThe government is scheduled to publish its advance estimate of second-quarter gross domestic product growth on Thursday. A Reuters survey of economists estimates the economy grew at a 2.1% annualized rate last quarter, which would match the first quarter's pace.\n\nTrade has subtracted from GDP for two straight quarters. Business spending on equipment, mostly reflecting AI investment, is expected to have been a key source of growth last quarter.\n\n(Reporting by Lucia Mutikani; Editing by Chizu Nomiyama and Andrea Ricci)", "url": "https://wpnews.pro/news/us-goods-trade-deficit-contracts-less-than-expected-in-june", "canonical_source": "https://ca.finance.yahoo.com/news/us-goods-trade-deficit-contracts-125003714.html", "published_at": "2026-07-28 12:50:03+00:00", "updated_at": "2026-07-28 13:22:48.872226+00:00", "lang": "en", "topics": ["artificial-intelligence"], "entities": ["Commerce Department", "Census Bureau", "Reuters"], "alternates": {"html": "https://wpnews.pro/news/us-goods-trade-deficit-contracts-less-than-expected-in-june", "markdown": "https://wpnews.pro/news/us-goods-trade-deficit-contracts-less-than-expected-in-june.md", "text": "https://wpnews.pro/news/us-goods-trade-deficit-contracts-less-than-expected-in-june.txt", "jsonld": "https://wpnews.pro/news/us-goods-trade-deficit-contracts-less-than-expected-in-june.jsonld"}}