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NEW YORK (AFP) – The U.S. trade deficit shrank by an unexpectedly large margin in June as imports fell and exports grew, according to data released Tuesday.

The trade gap fell to $34.2 billion in June, down from a revised $44.1 billion in May, according to the U.S. Commerce Department. Analysts had expected a deficit of $43.4 billion, according to Briefing.com.

The United States exported $191.2 billion in goods and services in June and had imports of $225.4 billion.

June’s imports came in at $5.8 billion lower than May and exports were $4.1 billion higher.

Large export gains over May came in industrial supplies and materials ($1.5 billion) and capital goods ($1.5 billion).

Meanwhile, imports of industrial supplies and materials fell $2.5 billion and consumer goods imports lost $1.6 billion.

For the first six months of the year, the total US trade deficit was $242.1 billion, compared to $278.2 billion for January-June 2012.

Underpinning that improvement was a 2.1 percent rise in exports to $1.12 trillion, and a 1.0 percent fall in imports to $1.37 trillion.

Photo by Wordshore

Reprinted with permission from Alternet

The re-election campaign of soon-to-be-former President Donald Trump spent $3 million for a recount of votes in Wisconsin in the hopes of throwing out tens of thousands of absentee and early ballots cast in support of President-elect Joe Biden.

But Trump's $3 million dollar gambit hasn't paid off. In fact, it actually increased Biden's lead over him by 132 votes. As Slate explains, Trump was specifically asking for recounts in Dane and Milwaukee Counties, two Democratic strongholds where Biden beat Trump by over 360,000 votes total.

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