Imports have see-sawed during U.S. trade wars The nation's trade deficit in goods sank 11% in June to a 22-month low as U.S. companies grappled with on-again, off-again Trump tariffs, a pattern that's likely to play out at least several more months. The trade gap in goods dropped to $86.0 billion in June from $96.4 billion in May, coming in well below the Wall Street's forecast. Lower deficits add to GDP, the official scorecard for the economy. GDP is forecast to show a 2.4% annual increase in the second quarter, but the estimate could be raised in light of the surprise drop in the June trade gap. Imports declined ... (full story)