Trade Deficit Cut Sharply During April: Trade Deficit Is Narrowed in April
The Unted States trade deficit narrowed sharply in April, as exports climbed 4.0 per cent and imports fell 0.1 per cent, the Department of Commerce reported yesterday.</br></br>While the nation imported $202.1 million, more than it exported, that is a much smaller deficit than the $650.9 million imbalance it recorded in March.</br></br>Mainly because the recession in the United States stifled import demand here more than . the recession abroad cut U.S. exports, the Unted States ran a big, $11 billion surplus in its foeign trade account last year.</br></br>Even though the economy suffered its worst recession in more than 30 years, the strong trade performance helped moderate the steep downturn in the economy.</br></br>For the frst several months of this year, however, the trade ledger has shown a deficit, in large part because the improving economic climate in the Unted States boosted demand for foreign products.