US Imports Slid in June on Higher Tariffs
Imports from other countries fell around 4 percent from the previous month as President Trump’s steep tariffs discouraged businesses from ordering goods.
U.S. imports of goods fell in June, the Commerce Department said on Tuesday, as President Trump’s tariffs continued to weigh on trade.
The decline from May was nearly 4 percent, as businesses adjusted to shifting tariff deadlines and uncertainty in negotiations between the Trump administration and officials from other countries. Companies had rushed to stockpile goods before higher tariffs were put...
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