The U.S. trade deficit marked a record-breaking decline in April, as a barrage of steep new tariffs muted the rush of imports that had preceded the new trade barriers. U.S. imports f

The U.S. trade deficit with countries across the globe fell sharply in April following tariff announcements that stalled imports.

The U.S. trade deficit narrowed significantly in April as President Donald Trump sharply escalated tariffs before pausing a large swath of the levies, U.S. Commerce Department data on Thursday showed.