Rising imports, falling exports push US trade deficit to six-month high
The US trade deficit widened by the most in eight years in April as imports of goods rebounded while exports of energy products declined, a trend that if sustained, could result in trade being a drag on economic growth in the second quarter. Exports of goods plunged 5.3%, the most in three years, to $167.1 billion. That was the lowest level since February 2022.
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