U.S. imports of foreign made goods fell sharply in April compared with the previous month, as tariffs clamped down on global trade.
Much of the 16.3 percent drop from March, however, reflected the fact that importers rushed to bring many goods into the United States at the beginning of the year to get ahead of tariffs ordered by President Trump. That resulted in a record surge in imports and in the trade deficit in the first three months of the year.
U.S. Monthly Goods Imports
In April, Americans purchased fewer foreign pharmaceuticals, cellphones and cars, data from the Commerce Department showed. U.S. factories and businesses also significantly cut their purchases of foreign machinery and other supplies.
Exports rose slightly, up 3 percent from the previous month. Travel increased by $0.3 billion, though some analysts said that number could fall further in the coming months, as fewer foreigners visit the United States.
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