US trade deficit sharply narrows in April as Trump tariffs take hold

Tariffs Deliver Record Drop in US Trade Deficit

Call it the gravitational pull of Trump’s tariffs: First came the tidal wave; now, the tide is receding. After a record-breaking trade deficit in March, as businesses rushed to order goods ahead of a massive spike in import duties, data from the US Commerce Department on Thursday shows that April delivered a record-breaking decrease in the trade deficit. Does that mean the US has won the first big battle of the trade war? Well, it’s complicated.…

Trump tariffs could reduce NM imports by 11%, transportation economist says

New Mexico Department of Transportation Chief Economist Michael Morrison said the tariffs enacted by the Trump administration so far could impact revenues used to pay for road maintenance. (Photo by Patrick Lohmann / Source NM)The U.S. government’s import taxes could significantly cut the amount of goods coming through New Mexico, and thereby reduce how much money the state government has to maintain its highways, the state transportation agency…

Trade deficit narrowed by record amount in April

The U.S. trade deficit narrowed by a record amount in April ahead of the implementation of President Trump’s tariffs, according to a Thursday release from the U.S. Census Bureau and the U.S. Bureau of Economic Analysis.  The trade deficit fell to $61.6 billion in April, a 55.5 percent drop from March. Exports for the month…

‘Cut By More Than Half’: CNBC Details Massive Tariff-Driven Drop In Trade Deficit

President Donald Trump’s tariffs have driven a massive drop in the trade deficit — going from nearly $140 billion in March to $61.6 billion in April.According to the latest numbers, which were detailed during a Thursday morning broadcast on CNBC, the sharp drop in the trade deficit also fueled a significant bump in the Gross Domestic Product (GDP) — the Atlanta Fed GDP now was at 4.64%.“The big news is there is how much it bolsters GDP — just lo…

U.S. Trade Deficit Plunges as Tariffs Take Effect

The U.S. trade deficit fell dramatically in April, a new report from the Commerce Department shows. The gap between imports and exports dropped from $138.3 billion in March to $61.6 billion in April, the largest decline on record. The change is due to President Donald Trump’s decision to implement tariffs, with importers rushing to bring goods into the U.S. in March before tariffs took effect and demand dropping significantly in April with the a…