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Trade is likely to remain weak in the coming years, according to a report by the European Central Bank.

The U.S. trade deficit narrowed in July more than forecast as the value of shipments to overseas customers reached a 10-month high.

The U.S. trade deficit widened in June to an almost one-year high as the price of oil jumped and American companies imported more consumer goods.

The U.S. trade deficit widened in May by the most in nearly a year as exports fell and a pickup in domestic demand led to more imports of consumer goods and industrial materials.

America’s trade deficit shrank more than forecast in March as imports fell in percentage terms by the most in seven years and outpaced a decline in shipments overseas.

America’s trade deficit widened in February to a six-month high as an increase in imports exceeded a more modest pickup in shipments overseas.

The U.S. trade deficit widened more than forecast in January as exports slumped to the lowest level in more than four years.

The trade deficit widened in December as stable U.S. domestic demand supported imports while weaker growth abroad held back overseas sales.

The trade deficit widened in October as weaker foreign orders for U.S. goods and services outweighed a cooling in imports.

The U.S. trade gap shrank in September to a seven-month low, reflecting declining purchases of foreign fuel as the world’s largest economy continued its drive toward energy independence.