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US trade deficit dips to $68.9 billion with exports up

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WASHINGTON (AP) -- The U.S. trade deficit narrowed in April to $68.9 billion as an improving global economy boosted sales of American exports.

The April deficit, the gap between what America buys from abroad and what it sells to other countries, was down 8.2% from a record March deficit of $75 billion.

The improving economic situation overseas drove up demand for American goods while domestic demand for imports slowed.

In April, exports of U.S. goods and services rose 1.1% to $205 billion while imports declined 1.4% to $273.9 billion.

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Associated Press

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