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US trade deficit narrows: Trade gap halves in April; China tensions keep outlook uncertain
The US trade deficit dramatically narrowed in April to a two-year low, plummeting by over 55% due to President Trump's sweeping tariffs. Imports plunged 16.3%, particularly affecting consumer goods from China, where trade sharply slowed. While exports rose slightly, driven by industrial supplies, the future of trade deals remains uncertain amid ongoing tensions and accusations.
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