{"id":47001,"date":"2025-08-06T04:50:09","date_gmt":"2025-08-06T04:50:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/47001\/"},"modified":"2025-08-06T04:50:09","modified_gmt":"2025-08-06T04:50:09","slug":"us-trade-deficit-shrinks-as-import-rush-subsides","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/47001\/","title":{"rendered":"US trade deficit shrinks as import rush subsides"},"content":{"rendered":"<p>The US trade deficit shrank in June to its lowest level in nearly two years, as a pre-tariff rush to import goods subsided.<\/p>\n<p>Imports fell more than analysts expected, in a reversal of a surge in February and March; those <a href=\"https:\/\/www.nytimes.com\/2025\/08\/05\/business\/economy\/imports-data-trump-tariffs.html\" class=\"styles_linkEmbed__SNmaX\" rel=\"noopener nofollow\" target=\"_blank\">distortions pushed down GDP<\/a> at the start of the year, though the economy is expected to grow more in the second quarter.<\/p>\n<p>With US President Donald Trump\u2019s tariffs reduced or on pause, importers had more breathing room to secure foreign goods.<\/p>\n<p>But \u201ctrade <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-08-05\/us-trade-gap-narrows-to-tightest-since-2023-on-drop-in-imports\" class=\"styles_linkEmbed__SNmaX\" rel=\"noopener nofollow\" target=\"_blank\">will likely remain volatile<\/a>,\u201d a Bloomberg economist said. <\/p>\n<p>Much depends on how US-China trade talks pan out: Trump\u2019s 30% tariff on Beijing led the US\u2019 trade deficit with China to fall to its <a href=\"https:\/\/www.reuters.com\/world\/us\/us-trade-deficit-hits-nearly-2-year-low-june-china-gap-plunges-2025-08-05\/\" class=\"styles_linkEmbed__SNmaX\" rel=\"noopener nofollow\" target=\"_blank\">narrowest point in 21 years<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"The US trade deficit shrank in June to its lowest level in nearly two years, as a pre-tariff&hellip;\n","protected":false},"author":2,"featured_media":47002,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,164],"class_list":["post-47001","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/47001","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=47001"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/47001\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/47002"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=47001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=47001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=47001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}