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US exports rise 2.6% in April, trade deficit narrows amid Iran war and tariff shifts

Market News
09 Jun 2026
NYTimes
View Source
Neutral
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US exports of goods and services increased by 2.6% to $327.1 billion in April, driven by higher oil and petroleum product exports due to the war with Iran. Imports also rose 2% to $383 billion, mainly from electronics for data centers. These changes reduced the US trade deficit to $55.9 billion, down 1.2% from March. Trade remains volatile due to disrupted supply chains and tariff changes, including a recent Supreme Court ruling that ended some Trump-era tariffs, replaced by a flat 10% duty set to expire in July unless renewed by Congress. New tariffs of 10-12.5% on over 80 countries are expected soon under Section 301, potentially restoring previous tariff levels.

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