The US trade deficit narrowed to $73.3 billion in June 2026 from $77.6 billion in May, broadly in line with market expectations, as imports declined more sharply than exports. In the first half of 2026, the cumulative trade gap narrowed to $371.2 billion, down from a record $560.5 billion a year earlier, suggesting that US trade flows are gradually normalizing following last year's tariff announcements and the front-loading of imports that preceded them, although uncertainty over US trade policy remains.