A report released by the Commerce Department on Wednesday showed the U.S. trade deficit widened significantly in the month of April.
The Commerce Department said the trade deficit increased to $74.6 billion in April from a revised $60.6 billion in March.
Economists had expected the trade deficit to jump to $75.2 billion from the $64.2 billion originally reported for the previous month.
The trade deficit in April marked the biggest since the deficit reached $78.3 billion in October 2022.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.