Share on StockTwits

The U.S. trade deficit narrowed more than expected in June as petroleum imports dropped to a 3-1/2-year low, suggesting that trade was less of a drag on second-quarter economic growth than initially thought. The Commerce Department said on Wednesday the trade gap shrank 7.0 percent to $41.5 billion, the lowest reading since January.

“U.S. Trade Gap At Five-month Low, To Boost Second-quarter GDP” is categorized as “business”. This video was licensed from Grab Networks. For additional video content, click the “video” tab at the top of this page.