The U.S. trade deficit narrowed significantly in April to $61.6 billion, down from $138.3 billion in March. This drop is attributed to a 16.3 percent decrease in goods imports, likely due to tariffs imposed by the Trump administration. Exports saw a slight 3 percent increase. Economists link the deficit reduction to the ongoing global trade war and the impact of tariffs on import volumes.

Prepared by Christopher Adams and reviewed by editorial team.