U.S. Trade Deficit Shrinks as Companies Slow Down Their Front-Loading
The U.S. trade deficit collapsed in April, as tariffs took a huge bite out of imports.
The trade deficit narrowed to a seasonally adjusted $61.6 billion in April, the Commerce Department reported on Thursday, its lowest level since September 2023. That was down sharply from the record $138.3 billion it hit in March, when businesses were racing to bring in imports before the 'Liberation Day' tariffs that President Trump imposed April 2.
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