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flag US trade deficit sharply narrows to $61.6B in April as tariffs cut imports and boost exports.

flag The US trade deficit shrank to $61.6 billion in April, down from $138.3 billion in March, as imports fell by 16.3% due to President Trump's tariffs on several trading partners, including China. flag Exports rose by 3%, helping to narrow the trade gap. flag While the reduction in the deficit was significant, economists are cautious about the long-term effects of the tariff policy on consumer spending and economic stability.

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