U.S. trade deficit shrank to $60.2B in June 2025, the lowest since Sept. 2023, driven by falling imports and rising tariff uncertainty.
Data & financial journalist covering global economics and policy
U.S. trade deficit shrank to $60.2B in June 2025, the lowest since Sept. 2023, driven by falling imports and rising tariff uncertainty.
The burgers, stews, and chili on your menu might get pricier. U.S. beef prices have reached record highs amid inflation pressures, supply shortages, and new tariffs on Brazilian imports. With the U.S. cattle inventory at its lowest since 1951 and Brazil facing steep tariff hikes, beef prices may climb even higher in 2025.
April’s trade deficit plunged from a revised $138.3 billion in March to $61.6 billion, driven by a 16% drop in imports that reversed the pre-“liberation day” spike.
IMF issued its steepest downgrade for the U.S. among advanced economies, citing rising tariff-related uncertainty and a heightened risk of recession. Global economic sentiment has dimmed, with the IMF now projecting a 37% chance of a U.S. downturn—up sharply from 25% just months ago.