US trade deficit narrows slightly to $70.1 billion in July - NewsBreak

The U.S. trade deficit narrowed slightly to $70.1 billion in July as economic recovery overseas helped boost American exports while imports declined. The Commerce Department reported Thursday that the trade deficit fell 4.3% in July after surging to $73.2 billion in June. The trade deficit represents the gap between what the country exports to the rest of the world and the imports it purchases from other countries.