US trade deficit decreases to $ 55.2 billion in June

The US trade deficit declined slightly in June, as exports and imports declined, indicating that US President George W. Bush's policy of "First America" ​​limits commercial flows.

The Commerce Department announced Friday that the trade deficit fell 0.3 percent to $ 55.2 billion.

The ministry revised down slightly the May data, showing that the trade gap was widening from $ 55.5 billion to $ 55.3 billion at its previous reading.

Economists polled by Reuters expected the deficit to fall to $ 54.6 billion in June.

The trade deficit with China fell 0.8% to $ 30 billion, imports from China fell 0.7% and exports to China remained unchanged in June.

Trade tensions between China and the United States have caused sharp fluctuations in the trade deficit as import-export companies try to stay out of the tariff war between the two largest economies in the world.

The trade deficit with Mexico recorded the highest rate ever recorded in June.

Commodity imports fell 2.2% to $ 212.3 billion.

Imports of consumer goods fell $ 0.9 billion due to a $ 1.4 billion decline in mobile phone imports.

Crude oil imports also fell by $ 1.4 billion, as a result of falling oil prices.

Commodity exports fell 2.8% to $ 137.1 billion.

Exports of consumer goods fell by $ 1.9 billion and exports of capital goods and automobiles declined.