Home Economy U.S. Trade Deficit Narrowed Amid Supply Chain Woes

U.S. Trade Deficit Narrowed Amid Supply Chain Woes

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WASHINGTON—The U.S. trade deficit narrowed in April from a record level in March as disruptions in global supply chains and a slowdown in consumer spending contributed to a drop in imports.

The deficit in trade of goods and services shrank by 8.2% to a seasonally adjusted $68.9 billion in April, the Commerce Department said Tuesday, compared with the record $75 billion gap in March.

Imports fell 1.4% to $273.9 billion, while exports grew 1.1% to $205 billion.

Imports declined among goods affected by a shortage of semiconductors, including home appliances and automotive vehicles, parts and engines. Consumer demand for imported goods, including apparel and toys, slowed from a torrid pace in March, when Americans got the biggest lift from the latest round of government stimulus payments.

The trade deficit is poised to return to its widening trend as government…

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