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

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.

The U.S. trade deficit with countries across the globe fell sharply in April following tariff announcements that stalled imports.