Trade Deficit Shrinks in April

The U.S. trade deficit shrank in April, but the politically sensitive deficit with China moved higher.

The Commerce Department says the gap between the goods and services the U.S. buys and what it sells abroad fell 2.1 percent to $50.8 billion in April from March. Exports fell 2.2 percent to $206.8 billion. Imports dropped 2.2 percent to $257.6 billion.

The deficit in the trade of goods with China rose 29.7 percent to $26.9 billion.

For the first four months of the year, the U.S. trade deficit in goods and services is running at $205.4 billion, up 2 percent from $201.3 billion in the first four months of 2018.

Source: Fox News