Trade Deficit Goes Down

More Exports, More Money

More foreign tourism and cheaper gas means the economy may be doing better than we thought, Matthew Zeitlin reports.

Published Aug. 9 2012 1:19PM EDT

articles/2012/08/09/trade-deficit-goes-down/trade-deficit-zeitlin-tease_jponix — Pablo Martinez Monsivais / AP Photo

Who says the U.S. doesn’t make anything the world wants anymore? On Thursday, the Commerce Department reported international-trade data for June. The upshot: exports bumped up to a record $185 billion, while imports fell 0.9

Matthew Zeitlin

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Trade Deficit Goes Down

More foreign tourism and cheaper gas means the economy may be doing better than we thought, Matthew Zeitlin reports.

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Matthew Zeitlin