ChainCatcher news, according to Jinshi citing the Wall Street Journal, the US Department of Commerce said on Thursday that the US trade deficit in April sharply decreased by 55.5% to $61.6 billion. US imports fell 16% from March to $351 billion in April, while exports rose 3% to $289.4 billion. This brought the trade deficit to $61.6 billion, the smallest since September 2023. Imports of consumer goods decreased by $33 billion in April, with a significant drop in pharmaceutical imports. Automotive imports decreased by $6.4 billion.
The data showed the significant initial effects of the White House's substantial tariff increase in early April, but the future direction remains unclear.
