US goods trade deficit narrows sharply in April as imports plunge

Magats_Love_NHB

Magats_Love_NHB

Let It Burn!

WASHINGTON, May 30 (Reuters) - The U.S. trade deficit in goods narrowed sharply in April as the boost from the front-running of imports ahead of tariffs faded.
The goods trade gap contracted 46.0% to $87.6 billion last month, the Commerce Department's Census Bureau said on Friday. Goods imports decreased $68.4 billion to $276.1 billion. Exports of goods increased $6.3 billion to $188.5 billion.
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A rush to beat import duties pushed the goods trade deficit to a record high in March. The front-running of imports is probably not over. Higher duties for most countries have been postponed until July, while those for Chinese goods have been delayed until mid-August amid negotiations between President Donald Trump's administration and trade partners.
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Economists said that could see some businesses trying to bring in more imports given the lack of clarity about what happens after the 90-day pauses. Adding to the uncertainty, a U.S. trade court on Wednesday blocked most of Trump's tariffs from going into effect in a sweeping ruling that the president overstepped his authority. They were temporarily reinstated by a federal appeals court on Thursday.
A record trade gap accounted for a large part of the 0.2% annualized rate of decline in gross domestic product in the first quarter.
 
Only halfwits think this is bad hews, lol.

Europe is now going to help reduce the trade deficit even more; they have a $56 billion surplus, and thanks to Trump they are working to buy more American exports and reduce that deficit as well.

Trump just keeps moving from win to win almost every day, our most productive President in history. No wonder these deviants and commies are wetting themselves and posting insanely silly crap every singe day.
 
Phantasmal said:
Yes, it’s patently obvious, you aren’t aware of social injustice, equality and diversity. You’re ignorant and apparently proud of it.
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lol says a Party puppet that thinks keeping Red China's slave economy up is a great thing. All the slave labor addicts are whining. boo fucking hoo.
 
I have been told that tariff war was expected, so for many months there was a surge of imports.

Lets talk about April 2025 compared to April 2024.
 
Magats_Love_NHB said:

WASHINGTON, May 30 (Reuters) - The U.S. trade deficit in goods narrowed sharply in April as the boost from the front-running of imports ahead of tariffs faded.
The goods trade gap contracted 46.0% to $87.6 billion last month, the Commerce Department's Census Bureau said on Friday. Goods imports decreased $68.4 billion to $276.1 billion. Exports of goods increased $6.3 billion to $188.5 billion.
The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news. Sign up here.

A rush to beat import duties pushed the goods trade deficit to a record high in March. The front-running of imports is probably not over. Higher duties for most countries have been postponed until July, while those for Chinese goods have been delayed until mid-August amid negotiations between President Donald Trump's administration and trade partners.
Advertisement · Scroll to continue

Economists said that could see some businesses trying to bring in more imports given the lack of clarity about what happens after the 90-day pauses. Adding to the uncertainty, a U.S. trade court on Wednesday blocked most of Trump's tariffs from going into effect in a sweeping ruling that the president overstepped his authority. They were temporarily reinstated by a federal appeals court on Thursday.
A record trade gap accounted for a large part of the 0.2% annualized rate of decline in gross domestic product in the first quarter.
Click to expand...
grumpy-cat-good.jpg
 
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