US trade deficit drops in June on record rise in exports

THE U.S. TRADE DEFICIT was $50.7 billion in June. / AP FILE PHOTO/ WILFREDO LEE
THE U.S. TRADE DEFICIT was $50.7 billion in June. / AP FILE PHOTO/ WILFREDO LEE
WASHINGTON (AP) – The United States trade deficit fell in June for the first time since February as exports posted a record increase, rising twice as fast as imports. The Commerce Department said Wednesday that the gap between the value of what the United States buys and what it sells abroad fell 7.5% to $50.7…

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