Economists forecast the trade deficit, a key preoccupation of President Trump, tumbled to $66.3 billion in April. + It ballooned to a record $140.5 billion in March as businesses r

Americans bought fewer foreign pharmaceuticals, cellphones and cars, and cut purchases of machinery and other supplies.

The U.S. international trade deficit narrowed 55.5% in April to $61.6 billion, the Commerce Department said Thursday.  Economists surveyed by The Wall Street Journal had predicted the deficit would narrow to a seasonally adjusted $63.