US Trade Gap Widens to $74.6 Billion, Largest Since October 2022
- Deficit grew 8.7% as imports value hit highest since mid-2022
- April gap indicates trade will weigh on second-quarter growth
A container ship in Miami Beach, Florida.
Photographer: Eva Marie Uzcategui/BloombergThis article is for subscribers only.
The US trade deficit widened in April to the largest since October 2022 on a surge in imports of goods including motor vehicles, computers and industrial supplies.
The gap in goods and services trade grew 8.7% from the prior month to $74.6 billion, Commerce Department data showed Thursday. The median estimate in a Bloomberg survey of economists called for a $76.5 billion gap.