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submitted 1 week ago by [email protected] to c/[email protected]

Goods 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 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 partners such as Canada and China fell to their lowest levels since 2021 and 2020 respectively, the Commerce Department said.

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this post was submitted on 05 Jun 2025
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Economics

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