A U.S. judge dismissed the state of California's challenge to President Donald Trump's tariffs, allowing the state to file an appeal over the court's ruling that the dispute should have been filed in a specialized U.

The U.S. trade deficit fell by a record amount in April as import demand slowed due to reduced urgency ahead of Trump’s tariffs, according to CNBC. The trade deficit dropped to $61.6 billion in April,

WASHINGTON (Reuters) -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.

Supply chain data shows the flip side to the drop in the trade deficit: an import surge has turned into a pause and small businesses face the most pain.