U.S. trade deficit in June narrows for third straight month amid cooling demand

WASHINGTON, Aug. 4 (Xinhua) -- The U.S. trade deficit fell by 6.2 percent in June, marking the third straight monthly drop and hitting the lowest level of the year, the Commerce Department reported on Thursday.

Trade deficit narrowed by a revised 2.1 percent in May. The figure shrank by 19.5 percent in April after hitting an all-time high in March, the report showed.