The Commerce Department released a report on Tuesday showing the U.S. trade deficit narrowed roughly in line with estimates in the month of April.
The report said the trade deficit shrank to $55.9 billion in April from a revised $56.6 billion in March. Economists had expected the trade deficit to decrease to $55.8 billion from the $60.3 billion originally reported for the previous month.
The narrower trade deficit came as the value of exports surged by 2.6 percent to $327.1 billion, while the value of imports jumped by 2.0 percent to $383.0 billion.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.