Trade deficit narrows to $34.2 billion in June

WASHINGTON • The U.S. trade deficit narrowed sharply in June to its lowest level in more than 3 ½ years. Exports rose to all-time high and imports declined, signs that economic growth could be stronger than previously thought. The Commerce Department said Tuesday that the June deficit fell 22.4 percent to $34.2 billion. That’s the lowest since October 2009 and down from May’s imbalance of $44.1 billion, which was revised lower. Exports rose 2.2 percent to $191.2 billion in June. U.S. companies s...

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