Imports Drop Sharply in August, Narrowing US Trade Deficit

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Shipping containers are stacked as cranes unload cargo ships at the Port of Los Angeles in San Pedro, Calif., on April 15, 2025. Patrick T. Fallon/AFP via Getty ImagesPresident Donald Trump’s tariffs helped narrow the U.S. trade deficit in August as imports contracted more than 5 percent, new government data show.The trade gap plummeted by nearly 24 percent to $59.6 billion, down from $78.2 billion, according to a report released by the Department of Commerce’s Bureau of Economic Analysis on Nov. 19

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