US trade deficit shrinks more than expected on import plunge

The US trade deficit in goods dropped hard in April, falling way more than anyone expected, after businesses stopped rushing in foreign goods ahead of delayed tariffs. The Commerce Department said on Friday that the trade gap narrowed by 46%, landing at $87. 6 billion. Imports collapsed to $276. 1 billion, a drop of $68. 4 billion in […] source: https://www.cryptopolitan.com/us-trade-deficit-shrinks-more-than-expected/