Tariffs prompt record plunge in US imports, cutting trade deficit
Source: BBC
China News Service/VCG via Getty ImagesGoods brought into the US plunged by 20% in April, recording their largest ever monthly drop in the face of a wave of tariffs unleashed by US President Donald Trump.The retreat reflects the abrupt hit to trade, after firms had rushed products into the country earlier this year to try to get ahead of new taxes on imports Trump had promised.US purchases from major trade…
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