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Strategies & Market Trends : World Outlook -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (46152)	6/5/2025 9:08:20 AM
From: Les H	Read Replies (1) \| Respond to of 49313

US trade deficit narrowed significantly amid Trump's tariff escalationThe fresh data arrives days after a major swath of tariffs entered legal limbo. By Max Zahn June 5, 2025 The U.S. trade deficit narrowed significantly in April as President Donald Trump sharply escalated tariffs before pausing a large swath of the levies, U.S. Commerce Department data on Thursday showed. Trump touted the tariffs as an effort to slash the nation's trade deficit, which the president has said he considers a threat to the nation's economic prosperity. Many economists disagree, however, saying the trade deficit reflects the consumer-driven engine of the U.S. economy. The trade gap fell by more than half in April as imports plunged, the data showed. The U.S. registered a trade deficit of about $61 billion in April, marking a sharp decline from a $140 billion trade gap a month earlier. Imports dropped by 16% in April as some trade barriers took effect, the data showed. Imports had ticked upward a month earlier as some firms rushed to stockpile supply before the levies saddled them with additional costs. abcnews.go.com It's back to where it was most of last year month by month. January through March saw a large increase as the importers had frontrun the tariffs. It's possible that it stays at this level or goes lower to work off that supply.