US Trade Gap Narrows to Seven-Month Low on Record Exports
The U.S. trade deficit narrowed to the lowest level since September as exports rose to a record, amid Trump administration tariffs and trade threats that risk hurting global commerce. The gap decreased 2.1% in April to $46.2 billion, from a revised $47.2 billion in the prior month, Commerce Department data showed June 6. The median estimate of economists surveyed by Bloomberg News called for an April trade deficit of $49 billion. Exports ticked up while imports fell slightly, according to the report.
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