NEW YORK -- The global trade deficit for the U.S. shrank by 46% to $87.4 billion in April as the flow of goods from Asia came to a halt following President Donald Trump's sweeping tariff policies covering nearly all trading partners.
Trade
US trade with Asia slumps in April amid Trump tariffs
Import of Chinese goods sharply declines while goods from Vietnam rose slightly
An American flag flutters over a ship and shipping containers at the Port of Los Angeles on May 13. © Reuters
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