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US trade deficit hits record .7 billion in June

US trade deficit hits record .7 billion in June

Washington, Aug 5 (Prensa Latina) The US trade deficit in goods and services hit to a record .7 billion (6.7%) in June as a rebounding US economy sent demand for imports surging, the Commerce Department reported.
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The Commerce Department reported Thursday that imports surged 2.1% to $283.4 billion, mainly in supplies and industrial materials, iron and steel, as well as organic chemicals.

In June, exports edged up a modest 0.6% to $207.7 billion, the highest figure since December 2019.

The politically sensitive goods deficit with China rose to $27 billion in June, while gaps with the European Union, India and Japan rose up to $1 billion.

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