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 Imports
Canada’s retaliatory tariffs set to take effect as Trump stands firm on trade policy
Canada hits back with tariffs as Trump moves forward with 25% tariff on two of its largest trading partners-Canada and Mexico.
US-EU: Trade War Looms as Trump threatens 25% Tariff on Imports from EU
The European Union (EU), America’s third-largest trading partner, retaliates after Trump unveils a 25% tariff on EU imports, a move that could drive inflation and escalate global trade tensions.
U.S. imports from Mexico, Canada and China— explained in 3 charts
Trump’s second presidency comes with a series of executive actions—most focusing on making the country more self-reliant, and reducing dependence on foreign economies. We delve into the data to uncover where China, Mexico, and Canada really stand as key trading partners of the U.S. — all in just 3 charts