On June 5, the U.S. Department of Commerce announced on Thursday that the U.S. trade deficit in April sharply decreased by 55.5% to $61.6 billion. U.S. imports fell by 16% from March to $351 billion in April, while exports rose by 3% to $289.4 billion. This resulted in a trade deficit of $61.6 billion, the smallest deficit since September 2023. In April, imports of consumer goods decreased by $33 billion, with a significant drop in drug imports. Car imports decreased by $6.4 billion. Data shows that the significant initial effects of the White House's tariff increases in early April, but the future trajectory remains unclear.
