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US trade deficit narrows sharply

How big trade deficit drop as tariffs hit imports is playing out inside U.S. supply chain and economy

Supply chain data shows the flip side to the drop in the trade deficit: an import surge has turned into a pause and small businesses face the most pain.

Reuters · 6h

US trade deficit narrows sharply in April; imports post record drop

The U.S. trade deficit narrowed sharply in April, with imports decreasing by the most on record as the front-running of goods ahead of tariffs ebbed, which could provide a lift to economic growth this quarter.

MarketWatch on MSN · 7h

U.S. trade deficit cut in half in April on plunge in imports from Trump tariffs

The U.S. international trade deficit narrowed 55.5% in April to $61.6 billion, the Commerce Department said Thursday. Economists surveyed by The Wall Street Journal had predicted the deficit would narrow to a seasonally adjusted $63.

tariffs, Steel

ABC7 KABC on MSN · 1h

Steel and aluminum tariffs add to uncertainty for consumers, Port of LA

Tariffs on steel and aluminum imports doubled on Wednesday after President Donald Trump signed an executive order, raising the tariff rate to 50%.

CBS News · 1d

Mild reaction from investors on doubled steel and aluminum tariffs

Tariffs on steel and aluminum imports doubled from 25% to 50% Wednesday as President Trump's trade war ramped up. CBS News MoneyWatch correspondent Kelly O'Grady reports.

USA TODAY on MSN · 1d

Trade partners react as President Trump doubles tariffs on foreign steel imports

"Strongly regret," and "unfair" were some of the reactions from trade partners around the world as the U.S. doubles tariffs on steel imports.

Imports Plummet in April as Tariffs Weigh on Trade

Americans bought fewer foreign pharmaceuticals, cellphones and cars, and cut purchases of machinery and other supplies.

Trump speaks to China’s Xi in bid to ease trade war fueled by tariffs

President Trump spoke by phone to China’s Xi Jinping in a bid to ease the trade war he started by slapping massive tariffs on ...

31mon MSN

Trump and Xi discuss trade tensions in first call since return to office

President Donald Trump and Chinese leader Xi Jinping held a "very positive" conversation to address stalled trade ...

After Trump’s Tariffs Crash Exports, Canada Posts a Record Trade Deficit

Sales of vehicles made in Canada plunged by nearly 23 percent in April after President Trump imposed a 25 percent auto tariff ...

1hon MSN

Trade wars have Americans so nervous even six-figure earners are flocking to dollar stores

It’s not just lower-income consumers who are penny pinching to navigate President Donald Trump’s trade war and an ...

8hon MSN

Rising prices, war rooms and layoffs: The cost of Trump’s tariffs is coming

Retailers, wholesalers and distributors say shifting U.S. trade policies have led to pervasive uncertainty as they gear up ...

3don MSN

China says U.S. violated tariff truce as trade war heats up

China's allegations come after President Trump on Friday accused the Chinese of violating a May 12 trade pact.

The ‘Fundamental Mistake’ in Trump’s Trade War With China

A key component of the Biden administration’s China strategy was a focus on bolstering ties with allies and partners to ...

4hon MSN

Trump and China's Xi break the ice with first phone call since launch of trade war

President Trump and China's Xi Jinping accepted invitations to visit each other's countries during a call about their trade dispute and tariffs.

16hon MSN

Trade war is tougher threat than COVID for emerging market cenbanks, IMF says

The shock from trade war brings differential effects for central banks in emerging markets, in contrast with the COVID ...

The White House Wants 90 Trade Deals in 90 Days. So Far, It May Have 1.

In April, administration officials vowed to sign trade deals with as many as 90 countries in 90 days. The ambitious target ...

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