US Imports See Record 19.8% Drop in April

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US Imports See Record 19.8% Drop in April
Photo: Nick Ut AP/TT

The deficit in the USA's trade balance narrowed to 87.6 billion dollars in April, down from 162.3 billion the previous month, according to a preliminary calculation by the USA's Department of Commerce.

The Trump administration's tariff shock in early April had a major impact. Imports in April plummeted by 19.8 percent compared to the previous month, the largest decline between two months ever recorded in the USA.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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