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...
India-US Trade: A high-stakes India-US mini trade deal could be inked within 48 hours, with negotiators locked in extended talks in Washington. The pressure is mounting as the July 9 deadline looms —..
How could the US-China trade rearrangement affect Europe?
Amid the pressures posed by unpredictable US-China trade relations, many US firms are considering alternative supply sources to avoid rising..
Credit: euronews (in English) Duration: 01:30Published
Explained! Why President Trump abruptly ended all trade talks with Canada. Trump called Canada's Digital Services Tax a “direct & blatant attack” on U.S. firms. The tax, retroactive to 2022,..
Thursday, 5 June 2025
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