US trade deficit shrinks to $50.8 billion in April

US trade deficit shrinks to $50.8 billion in April

The US trade deficit unexpectedly narrowed in April as imports and exports tumbled. The trade deficit with China surged 29.7 per cent to $26.9 billion. The gap with Mexico fell 14.1 per cent to $8.2 billion in April. Overall, goods imports fell 2.5 per cent to $208.7 billion in April, the lowest level since January 2018. Goods exports tumbled 3.1 per cent to $136.9 billion in April.

KCooper
KCooper
HueHueo Suezo
HueHueo Suezo 7 months

Hahaha, overall deficit decreases even though our deficit with China increases. I am strangely ok with this.

FirstCensorshipThenJail
FirstCensorshipThenJail 7 months

Anti trust will see the breakup of Alphabet and all its properties. Google will not survive. When you get into the business of political gerry rigging and censorship because you ex CEO East German ideology is more important than running the business; You are going to find that you no longer have a business. Bye Google has been nice knowing you. Well before you went all communist and s$$t

Rage Against the Vagine
Rage Against the Vagine 7 months

Any reasonable person would think after all these market disruptions between the US and China intentionally done to move the trade deficit would find it odd that the deficit has actually gotten worse

Rocky LeBlanc
Rocky LeBlanc 7 months

Look it doesn't matter if the trade deficit grows or shrinks. There is no loser in a trade of goods or services for cash. Both received the value they seek to find for the product of their labor. This is such a stupid topic from an economic standpoint. If you want to break it down to specific industries then you can extrapolate useful metrics, but the overall trade deficit is not a useful metric.

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