According to BlockBeats, the U.S. Department of Commerce stated that the U.S. trade deficit in April decreased by 55.5% to $61.6 billion. Imports fell by 16% to $351 billion, while exports rose by 3% to $289.4 billion.
This is the smallest deficit since September 2023. Imports of consumer goods fell by $33 billion, imports of pharmaceuticals decreased significantly, and imports of automobiles dropped by $6.4 billion. Data shows that the initial effects of the White House raising tariffs in early April are evident, but the future direction is unclear.