TechFlow news, June 5 — According to Jinshi Data citing The Wall Street Journal, the U.S. Department of Commerce said on Thursday that the U.S. trade deficit plunged 55.5% in April to $61.6 billion. U.S. imports fell 16% from March to $351 billion in April, while exports rose 3% to $289.4 billion. This brought the trade deficit down to $61.6 billion, the smallest since September 2023. Consumer goods imports dropped by $33 billion in April, with pharmaceutical imports seeing a sharp decline. Automobile imports decreased by $6.4 billion. The data reflects significant initial effects of the White House’s substantial tariff increases implemented in early April, though the future trajectory remains unclear.
Add to Favorites
Share to Social Media
