The United States trade deficit was drastically reduced in April, since imports decreased at its highest registered rate by reducing the preference of goods by tariffs, which could boost this quarter economic growth.
The commercial deficit contracted a record of 55.5% to 61.6 billion dollars, its lowest level since September 2023, according to the Office of Economic Analysis of the Department of Commerce on Thursday.
March data were reviewed to show that the commercial deficit in that month was extended to a historical maximum of $ 138.3 billion, instead of the 140,500 million dollars originally reported.
Economists surveyed by Reuters predict that the deficit will be reduced to 70,000 million dollars. The trade deficit of goods was reduced to a record of 46.2% to 87.4 billion dollars, its lowest level since October 2023.
The hurry to overcome import tariffs contributed to expand the commercial deficit in the first quarter, which represented much of the annualized rate of 0.2% decrease in the gross domestic product (GDP) of the anterior quarter. The deficit contraction, at first glance, suggests that trade could contribute significantly to this quarter, but much would depend on the state of inventories.
Imports decreased to a record of 16.3% to 351,000 million dollars in April. Assets of goods collapsed 19.9% to 277.9 billion dollars, and were braking for a decrease of 33,000 million dollars in imports of consumer goods, mainly pharmaceutical products from Ireland. Imports of mobile phones and other household items fell 3.5 billion dollars.
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Imports of supplies and industrial materials decreased $ 23.3 billion, which reflects decreases in finished metal forms and other precious metals.
Imports of motorized vehicles, parts and engines fell 8.3 billion dollars, and passenger cars represent much of this decrease. It is likely that the anticipation of imports has not yet ended. The increase in tariffs for most countries has postponed until July, while that of Chinese products has been postponed until mid -August.
The administration of President Donald Trump had given United States business partners until Wednesday to present their “best offers” to prevent other import taxes from entering into force in early July.
Canada imports were the lowest since May 2021, while China’s were the lowest since March 2020. But imports from Vietnam and Taiwan were the highest recorded.
Exports 3%
Exports increased 3% to 289.4 billion dollars, a historical maximum. Assets of goods increased 3.4% to a record of 190.5 billion dollars. They were driven by an increase of 10.4 billion dollars in supplies and industrial materials, mainly finished metal profiles, non -monetary gold and crude oil.
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Exports of capital goods increased by 1,000 million dollars, driven by computers. However, exports of motor vehicles, parts and engines fell at 3.3 billion dollars, weighed down by passenger cars, as well as for trucks, buses and special vehicles.
Services exports increased 2.1 billion dollars to 98.9 billion dollars, driven by trips, despite the reports of a decrease in tourist visits due to commercial tensions and energetic measures against immigration.
The United States recorded record commercial surpluses with Hong Kong, the United Kingdom and Switzerland. However, he recorded record deficits with Vietnam, Taiwan and Thailand.
With Reuters information
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