13 articles · Updated · The Wall Street Journal · May 5
Commerce Department data showed imports rose 2.3% to $381.2 billion and exports 2% to $320.9 billion, leaving a gap slightly below the $60.9 billion analysts expected.
Higher imports of cars and parts, consumer goods and capital goods outpaced stronger crude oil, petroleum product and agricultural exports, including increased overseas oil shipments amid the war in Iran.
The figures suggest only limited progress toward the Trump administration's goal of shrinking the deficit after April 2025 tariffs, with trade flows stabilising at levels only moderately below much of the Biden era.
After a Supreme Court rebuke, are the White House's new tariffs legally durable or built on shaky ground?
With the trade deficit growing despite tariffs, is a tax on foreign investment the only real solution left?
The U.S. targets 16 nations for 'excess capacity.' Which domestic industries will win and which will lose?