U.S. Trade Deficit Narrowed in April



Josh Zumbrun | The Wall Street Journal

The U.S. trade deficit narrowed in April after setting a record level in March as challenges with global supply chains contributed to a slowdown in imports to the U.S.

The deficit in trade of goods and services shrank by 8.2% to a seasonally adjusted $68.9 billion in April, the Commerce Department said Tuesday, compared with the record $75 billion gap in March.

Imports fell 1.4% to $273.9 billion, while exports grew 1.1% to $205 billion.

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