The overall trade gap plunged 39% to $29.4 billion in October, as imports fell by 3.2%, Department of Commerce figures show. The deficit was significantly lower than the $58.4 billion median forecast from surveys of economists by Dow Jones Newswires and The Wall Street Journal.

The government is speeding up its tariff-refund process as importers await a landmark Supreme Court decision on the Trump administration’s levies.

The monthly trade deficit continued to shrink in October after President Trump imposed sweeping tariffs on imports, the latest data showed.

An FDRA survey of shoe executives on business expectations for 2026 indicate continued concern over trade policy.

Polish Foreign Minister Radosław Sikorski voiced support for India as Washington weighs tariffs of up to 500% on countries buying Russian oil, following President Trump’s approval of a new sanctions bill.

Steep import taxes have raised prices and affected U.S. businesses, but not quite as much as expected. A new report offers some reasons.