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U.S. trade deficit hits two-year high in April

Published June 4, 2014 9:12 am
This is an archived article that was published on sltrib.com in 2014, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

Washington • The U.S. trade deficit jumped to a two-year high in April, as sales of exports declined and imports surged to a record high.

The Commerce Department says the deficit rose to $47.2 billion in April, up 6.9 percent from an upwardly revised March deficit of $44.2 billion.

Exports dropped for the fourth month out of the past five, falling 0.2 percent to $195.4 billion. Meanwhile, imports climbed 1.2 percent to an all-time high of $240.6 billion, reflecting record levels for shipments of foreign-made cars, food, computers and other goods.



A wider trade deficit can act as a drag on growth because it means U.S. companies are earning less from their overseas markets. But the wider deficit can also indicate rising U.S. demand.

 

 

 

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