Prior month -$77,10B revised to $-77.19 billionTrade balance -$73.3B vs $-73.0B est.Good trade balance $-101.41BB vs -$101.5B preliminary and prior month -$105.8B last month.Exports were $314.7 billion or $-2.9 billion or -0.9% on the month.Imports were $388 billion or highest $7.3 billion or -1.8% month on month Year-to-date, the goods and services deficit decreased $189.3 billion, or 33.8 percent, from the same period in 2025. Exports increased $198.3 billion or 11.7 percent. Imports increased $9.0 billion or 0.4 percent.
Other details:
Exports of goods decreased $4.0 billion to $206.9 billion in June.
Exports of goods on a Census basis decreased $3.8 billion.
Industrial supplies and materials decreased $3.3 billion.Crude oil decreased $5.7 billion.Fuel oil decreased $1.6 billion.Nonmonetary gold increased $3.4 billion.Other goods decreased $0.8 billion.Capital goods decreased $0.6 billion.Computers decreased $1.1 billion.
Exports of services increased $1.1 billion to $107.8 billion in June.
Financial services increased $0.5 billion.Travel increased $0.4 billion.
Who may be on the Trump Administrations list of countries who the US has a big deficit with:
The June figures show surpluses, in billions of dollars, with Netherlands ($7.2), South and Central America ($5.6), Hong Kong ($3.2), Switzerland ($2.9), United Kingdom ($2.2), Singapore ($1.8), Saudi Arabia ($1.8), Brazil ($1.7), Australia ($1.3), and Belgium ($0.9). Deficits were recorded, in billions of dollars, with Vietnam ($21.6), Mexico ($20.3), China ($15.3), Taiwan ($14.9), European Union ($10.9), South Korea ($7.4), Canada ($7.2), Germany ($7.1), India ($4.5), Malaysia ($4.4), Japan ($3.3), Ireland ($2.7), Italy ($2.5), France ($1.5), and Israel ($1.2).The balance with Switzerland shifted from a deficit of $2.3 billion in May to a surplus of $2.9 billion in June. Exports increased $4.5 billion to $6.5 billion and imports decreased $0.7 billion to $3.5 billion.The deficit with Taiwan decreased $4.5 billion to $14.9 billion in June. Exports increased $0.1 billion to $4.6 billion and imports decreased $4.4 billion to $19.5 billion.The deficit with South Korea increased $3.0 billion to $7.4 billion in June. Exports decreased $1.4 billion to $6.9 billion and imports increased $1.6 billion to $14.3 billion.
Yesterday, White House economic advisor Hassett spoke to the good deficits referring to the importing of capital goods from overseas that is used for growing infrastructure in the US including data centers that will lead to economic growth in the future. So there is some tolerance for a trade deficit but having a goods trade deficit remain above the $-100 billion is somewhat shocking, and a negative toward GDP.
This article was written by Greg Michalowski at investinglive.com.