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| Version 0 | Version 1 |
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| Record imports swell US trade deficit | Record imports swell US trade deficit |
| (35 minutes later) | |
| Record imports, the strong dollar and growing consumer demand helped to widen the US trade deficit by 7.1% in June. | Record imports, the strong dollar and growing consumer demand helped to widen the US trade deficit by 7.1% in June. |
| The gap between US exports and imports increased to $43.8bn, up from May's revised deficit of $40.9bn. Analysts had been expecting a deficit of $42.8bn. | The gap between US exports and imports increased to $43.8bn, up from May's revised deficit of $40.9bn. Analysts had been expecting a deficit of $42.8bn. |
| Record imports of food and cars meant total imports rose 1.2% to $232.4bn. | Record imports of food and cars meant total imports rose 1.2% to $232.4bn. |
| Exports fell for the second month in a row, down 0.1% to $188.6bn, as global demand weakened. | Exports fell for the second month in a row, down 0.1% to $188.6bn, as global demand weakened. |
| The dollar, which has gained 15% against the currencies of the United States' main trading partners over the past year, also makes imports cheaper and exports less competitive. | The dollar, which has gained 15% against the currencies of the United States' main trading partners over the past year, also makes imports cheaper and exports less competitive. |
| The trade deficit with the European Union is at an all time high, with exports to the bloc down 2.3% in June while imports were up 4%. | The trade deficit with the European Union is at an all time high, with exports to the bloc down 2.3% in June while imports were up 4%. |
| The deficit with China also increased by 3.3% in June to $31.5bn. | The deficit with China also increased by 3.3% in June to $31.5bn. |
| Industrial disputes at West Coast ports earlier in the year pushed the monthly deficit to a three-year high of $50.6bn in March. | |
| Laura Rosner, an economist at BNP Paribas said: "Exports remain far below trend and we have yet to see a decisive rebound following the resolution of the West Coast port strike.'' |