Record Exports Help to Narrow Trade Deficit, Report Says
A recent surge in exports caused the U.S. trade deficit to shrink in April by the largest amount in more than nine years, Reuters reported June 7. The deficit dropped by about 19% to $87.1 billion, the largest decline since…
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December 2012. The decline comes after years of all-time high trade deficits caused by supply chain issues resulting from the COVID-19 pandemic.