The US trade deficit widened dramatically in April as goods imports increased and exports fell, a trend that, if sustained, could hinder trade from economic growth in the second quarter. According to the U.S. Commerce Department, the trade deficit widened 23 percent to $74.6 billion. The revised March data showed the trade deficit narrowed to $60.6 billion from $64.2 billion, according to the previous revised data.
Trade did not contribute to the economy's annual growth rate of 1.3 percent in the first quarter after contributing to three consecutive quarters of GDP.
Source (Al-Arabiya.net Website, Edited)
