US trade deficit narrows: Trade gap halves in April; China tensions...

Dununu.com Dununu

Sponsored

US trade deficit narrows: Trade gap halves in April; China tensions keep outlook uncertain

RSS Feed Business

Posted

64

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.

Read Full Article

Please log in to like, share and comment!

Top table rejig: Rabi Sankar appointed to 16th Finance commission as part-time member; after Ajay Jha's mid-term exit

T Rabi Sankar, RBI Deputy Governor, has been appointed as a part-time member of the 16th Finance...

By 0 1

Ishwar Pokharel rejects bias claims in Patanjali land scam

KATHMANDU: Senior Vice Chair of CPN-UML, Ishwar Pokharel, has rejected claims that his party...

By 0 2

'Elon is new to politics': JD Vance says he understands Musk's frustration, Trump didn't do anything wrong with Jeffrey Epstein

By 0 2

WTC Final: Josh Hazlewood confident ahead of Lord’s clash

Ahead of the World Test Championship final against South Africa, Australian fast bowler Josh...

By 0 4

Eid Al Adha 2025: From Egypt to the UAE, can families across the Arab region afford sheep for sacrifice?

As Eid Al Adha nears, rising sheep prices across the Arab world are challenging Muslim families....

By 0 11