Imports fell by a record amount, with the April trade deficit in the United States narrowing by more than 50 percent.

According to the Wise Finance APP, as the rush of most US companies to ship goods ahead of higher tariffs suddenly stopped, the US trade deficit in April saw the largest narrowing in the country's statistical history. Data released by the US Department of Commerce on Thursday showed that the US goods and services trade deficit in April plummeted by 55.5% from the previous month to just $61.6 billion, marking the lowest trade deficit level since 2023. This completely reversed the sharp expansion in the first quarter, with the deficit narrowing more than the $660 billion that economists had previously estimated.