April’s trade deficit plunged from a revised $138.3 billion in March to $61.6 billion, driven by a 16% drop in imports that reversed the pre-“liberation day” spike.
All posts tagged balance of trade
IMF downgrades U.S. outlook amid tariff uncertainty
IMF issued its steepest downgrade for the U.S. among advanced economies, citing rising tariff-related uncertainty and a heightened risk of recession. Global economic sentiment has dimmed, with the IMF now projecting a 37% chance of a U.S. downturn—up sharply from 25% just months ago.
Even with a 90-day pause, Trump’s tariffs are already hitting Asia. Two charts show the impact.
President Trump’s new tariffs hit Asian exporters the hardest. With a 90-day pause in place, countries like Vietnam and Cambodia seek trade solutions amid rising U.S. trade deficits.
Chart: Who’s Hit by Trump’s ‘Discounted Reciprocal’ Tariffs?
On Wednesday, April 2, or as President Trump calls it “Liberation Day”, America announced reciprocal tariffs by increasing US duties to match the tax rates charged by other countries on American imports. Here’s a list of countries facing reciprocal tariffs.