US Trade Deficit Dropped Sharply in April | Business Matters (June 5)

The U.S. trade deficit narrowed sharply in April, with imports decreasing by the greatest margin on record as the front-running of goods ahead of tariffs ebbed. The result is expected to provide a lift to economic growth numbers this quarter. The trade gap contracted by a record 55.5 percent to $61.6 billion, the lowest level si...