Tariffs are leaving their mark on the U.S. economy beyond trade, as a measure of activity in the vast services sector hit stall-speed in July, with businesses saying the swarm of new import taxes is driving up costs and making business planning more difficult.

The US trade gap narrowed in June, government data showed Tuesday, as imports pulled back more than exports while businesses grappled with President Donald Trump's tariffs on allies and competitors

The trade gap with China shrank to its lowest in more than 21 years. Read more at straitstimes.com. Read more at straitstimes.com.

The US trade deficit experienced a significant 16% decrease in June, reaching $60.2 billion, primarily due to a sharp decline in imports. This contraction was influenced by President Trump's tariffs,

The US trade deficit shrank in June to its lowest level in nearly two years, as a pre-tariff rush to import goods subsided. Imports fell more than analysts expected, in a reversal of a surge in February and March;