TechFlow news, November 19 — According to Jinshi Data, the U.S. Commerce Department said on Wednesday that the U.S. trade deficit narrowed in August. The report, delayed due to the government shutdown, offers a retrospective view showing how tariffs affected international trade flows during the summer. U.S. imports in August fell to $340.4 billion, down 5.1% from July, while exports rose slightly by 0.1% to $280.8 billion. This brought the monthly trade deficit down to $59.6 billion, a 24% reduction from July's $78.2 billion deficit. Earlier in 2025, before tariffs took effect, importers front-loaded purchases to pre-empt trade barriers, causing the deficit to surge. Then, the initial round of global tariffs implemented in April quickly suppressed trade, resulting in the largest single-month import decline on record. In the following months, the trade deficit fluctuated below last year’s levels but remained broadly comparable to 2023 levels, suggesting that, so far at least, Trump's tariffs have not significantly altered the structural tendency of the U.S. to "import more and export less."
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