The U.S. trade deficit narrowed sharply in April as exports climbed to a record high, offering a bright spot for the economy amid concerns about slowing global growth and ongoing trade tensions.
According to data released Tuesday by the Commerce Department, the nation's trade gap in goods and services fell as American exports surged to an all-time high. The improvement reflected strong demand for U.S. products abroad, particularly industrial supplies, capital goods and services, while imports grew at a slower pace.
