US trade deficit narrows: Trade gap halves in April; China tensions keep outlook uncertain
Thursday, 5 June 2025 () 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.
The U.S.-China tariff conflict continues to escalate as China denies any plans for a phone call between President Xi Jinping and President Trump, contradicting White House claims. With trade tensions rising after Trump’s global tariffs and accusations of China violating agreements, both nations...
U.S. President Donald Trump and Chinese President Xi Jinping held a 90-minute phone call focused “almost entirely on trade,” marking their first direct contact since the U.S. imposed new..
Donald Trump has revealed details of a “very good” phone call with Chinese President Xi Jinping, signaling a thaw in U.S.-China tensions. Trump said the two leaders have invited each other for..
U.S. President Donald Trump and Chinese President Xi Jinping are expected to speak soon amid escalating tensions over critical mineral trade. Treasury Secretary Scott Bessent confirmed that China may..
Thursday, 5 June 2025 ()
![Trump-Xi hold ‘VERY GOOD’ Phone Call | Focus on TRADE | Trump to Visit China [Video]](https://video.newsserve.net/300/v/20250605/1413058456-Trump-Xi-hold-VERY-GOOD-Phone-Call.jpg)
![Trump-Xi Phone Call Details Revealed | Trump hail ‘very good’ call, says trade talks ‘back on….’ [Video]](https://video.newsserve.net/300/v/20250605/1413054964-Trump-Xi-Phone-Call-Details-Revealed-Trump.jpg)
![Trump And Xi To Speak Soon Amid Critical Minerals Trade Dispute, Aides Expect Resolution This Week [Video]](https://video.newsserve.net/300/v/20250602/1412655776-Trump-And-Xi-To-Speak-Soon-Amid-Critical.jpg)
