US trade deficit narrows sharply in April following 19.8% month-on-month drop in imports, largest ever
Bankinter | The US trade deficit narrows sharply following the largest ever drop in imports (19.8% month-on-month), while exports grew by 3.4%. The item where the reduction in the deficit is most evident is in consumer goods (down $49.276 billion in April against $80.843 billion previously). After the sharp increase in the deficit in Q1 2025 to avoid the impact of tariffs, imports are normalising, softening the impact on the…