The US trade deficit in April expanded slightly less than expected, reaching $74.6 billion, the widest since late 2022, as imports outpaced exports. The deficit grew from March's $68.6 billion. Despite the central bank's interest rate hikes, US consumption remained strong, supporting imports, while concerns arose over export growth amid weaker global demand. Import growth was driven by automotive vehicles, while goods exports increased modestly, with a notable decline in the goods deficit with China. Read The Rest at :
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