Exports, imports both plummet as U.S. trade deficit narrows

THE U.S. TRADE deficit in goods and services shrank to $50.8 billion in April as both exports and imports declined. / BLOOMBERG NEWS FILE PHOTO/PATRICK T. FALLON
THE U.S. TRADE deficit in goods and services shrank to $50.8 billion in April as both exports and imports declined. / BLOOMBERG NEWS FILE PHOTO/PATRICK T. FALLON
NEW YORK – The United States trade deficit narrowed in April as both exports and imports tumbled, highlighting the impact of President Donald Trump’s tariffs even before negotiations with China unraveled and he threatened levies on Mexican goods. The deficit in goods and services shrank to $50.8 billion, nearly in line with economist estimates, from…

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