US Trade Gap Widens to Largest in Six Months as Exports Slump
- Deficit in goods and services trade grew 23% to $74.6 billion
- Inflation-adjusted merchandise deficit largest since June 2022
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The US trade deficit widened in April to the largest in six months as exports declined by the most since the start of the pandemic and imports picked up.
The shortfall in goods and services trade grew by $14 billion, or 23% from a month earlier, to $74.6 billion, Commerce Department data showed Wednesday. The figures aren’t adjusted for inflation. The median estimate in a Bloomberg survey of economists called for a widening to $75.8 billion.