The US trade deficit has been halved due to Trump's tariffs causing a significant drop in imports

According to BlockBeats, on June 5th, the US Department of Commerce announced on Thursday that the US trade deficit sharply decreased by 55.5% to $61.6 billion in April. The import value of the United States decreased by 16% from March to $351 billion in April, while the export value increased by 3% to $289.4 billion. This resulted in a trade deficit of $61.6 billion, the smallest deficit since September 2023. The import value of consumer goods decreased by 33 billion US dollars in April, with a significant decrease in the import value of pharmaceuticals. Car imports decreased by 6.4 billion US dollars. The data shows a significant initial effect of the White House's significant increase in tariffs in early April, but the future direction is still unclear. (Golden Ten)