The US trade deficit in goods has dropped to its lowest level in nearly two years, reaching $86 billion in June. This decline is largely attributed to fluctuations in tariffs imposed by President Trump’s administration during the ongoing trade wars. The recent decrease comes after a pattern of on-again, off-again tariffs that businesses are trying to time. As a result, imports have experienced significant variation. This trend is expected to continue for at least several more months.
Source: https://www.marketwatch.com/story/trade-deficit-sinks-to-22-month-low-as-businesses-try-to-time-trump-tariffs-gdp-to-get-boost-05c3d569