EuropeDebtCrisis

U.S. Trade Deficit Narrows to $50.1 Billion in April

The U.S. trade deficit shrunk in April, but only because a big drop in imports offset the first decline in U.S. exports in five months. Exports, which had hit a record the previous month, fell 0.8%, but imports, which also set a record in March, dropped an even faster 1.7%.