Comment on US trade deficit drops sharply to $40.9 billion in April

US trade deficit drops sharply to $40.9 billion in April

WASHINGTON (AP) — The U.S. trade deficit declined sharply in April as exports posted a modest gain and imports fell, raising hopes that trade will not be as big a drag on overall growth in the current quarter. The big surge in the deficit reduced overall economic growth by nearly 2 percentage points in the first quarter, helping send the gross domestic product down at an annual rate of 0.7 percent.

 

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