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. trade deficit narrowed by a record amount in April ahead of the implementation of President Trump’s tariffs, according to a Thursday release from the U.S. Census Bureau and the U.S.