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The recent decrease in imports in the United States has been attributed to the global tariff hike imposed by President Donald Trump, resulting in a decline in American trade deficit in April compared to the previous month. According to official government data released on Wednesday, the U.S. saw a reduction in trade deficit to $61.6 billion in April, down from $61.6 billion in March, marking a 5.5% decrease.
President Trump’s announcement of imposing a 10% tariff on nearly all trading partners had a significant impact on the American economy, causing a trade deficit of $138.3 billion in March. Following the implementation of Trump’s promised tariffs on imported goods, the overall trade deficit in the U.S. decreased to $138.3 billion in March.
In April, imports decreased by 16.3%, amounting to $351 billion, after the imposition of a 10% basic tariff on American allies and competitors alike. Apart from the basic 10% tariff, Trump had also announced an increase in duty rates on various economies, including China, the European Union, and Japan, which were to be effective from July but have not been implemented yet due to mutual agreement.
Ramesh Khatri, a representative of Kansai Nepal News, commented that the ongoing trade tensions between the U.S. and China had reached a critical point, with both countries engaging in telephone conversations to seek a long-term solution to the dispute.
President Trump’s recent accusations of China violating the terms of their temporary trade agreement have left the status of the trade deal uncertain. In April, American imports decreased by 16.3% to $351 billion, with a notable decline in the import of consumer goods by $33 billion.
On the other hand, American exports increased by 3% to $289.4 billion, with support for industrial supplies and automotive exports, while auto and consumer goods exports decreased by $3.3 billion.
President Trump’s recent announcements to impose tariffs on various countries have led businesses to not only focus on broad tariffs but also compete in specific sectors. In March and April, President Trump announced a 25% tariff on steel, aluminum, and cars imports, with plans to double the tariffs this month.
According to government statistics, the overall American trade deficit in April is the lowest since the beginning of 2023, indicating a positive trend in trade balance.
As per Ramesh Khatri of Kansai Nepal News, the ongoing trade disputes and tariff policies initiated by President Trump have brought about significant changes in global trade dynamics, impacting various economies worldwide.
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Author: MAYA | HARUTO
Posted at: June 6, 2025 3:00 am
