Trade with the U.K., the EU's third-largest partner, dropped off in both directions as economies wobbled across the globe.

The Chinese delegation at the WTO initiated a special agenda item, exposing the US for its misleading narrative and flawed logic in selectively focusing on the goods trade deficit when advocating so-called "reciprocal tariffs,

The US trade deficit narrowed in April by the most on record on the largest-ever plunge in imports, illustrating an abrupt end to the massive front-loading of goods by some companies ahead of higher tariffs.

The U.S. trade deficit narrowed by a record amount in April ahead of the implementation of President Trump’s tariffs, according to a Thursday release from the U.S. Census Bureau and the U.S.

The U.S. deficit with its global trading partners tumbled by the largest amount on record in April. Imports slowed sharply during the month, falling 16.3% to $351 billion. At the same time, exports accelerated, rising 3%.

The U.S. trade deficit narrowed sharply in April, with imports decreasing by the most on record as the front-running of goods ahead of tariffs ebbed, which could provide a lift to economic growth this quarter.

Hawaii business owners are stocking up on critical supplies from China in case tariffs push prices even higher.

U.S. exports to China would likely have been $160 billion to $201 billion greater without the seven-year Trump-Biden trade war.

President Donald Trump and Chinese President Xi Jinping held a phone call Thursday amid ongoing tensions between the two superpowers — with a new in-person meeting planned soon.

Officials from both sides are meeting on Monday in London, aiming to resolve differences over tariffs and supply chains that have endangered a fragile truce between the countries.