Stock photo: U.S. imports arrive in-country

The U.S. trade deficit shrank in June as imports slid to the lowest level since 2021, reflecting more moderate consumer demand for merchandise.

The United States' shortfall in goods and services trade narrowed by $2.8 billion, to a three-month low of $65.5 billion, Commerce Department data showed Tuesday. The figures aren't adjusted for inflation. The median estimate in a Bloomberg survey of economists called for a $65 billion deficit.

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