US Trade Deficit Plummets by $76,700,000,000 in April Following the Rollout of Trump’s Tariffs

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The US trade deficit plummeted by $76.7 billion in April following the rollout of the Trump Administration’s wave of tariffs. The total goods and services deficit was $61.6 billion in April, down from $138.3 billion in March, per a new report from the U.S. Census Bureau and the U.S. Bureau of Economic Analysis. The US clocked $289.4 billion worth of exports in April, $8.3 billion more than March, and $351.0 billion worth of imports, which was $68.4 billion less than the previous month. “The Apri...