U.S. Trade Deficit Widens Sharply

The U.S. trade deficit widened significantly in April, with imports of goods increasing and exports declining, a trend that could become a hindrance to economic growth in the second quarter if it continues. The U.S. Department of Commerce stated on Wednesday that "the trade deficit increased by 23% to $74.6 billion." Revised data for March showed that the trade deficit decreased to $60.6 billion from $64.2 billion, according to previously adjusted figures.