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 sharply in April, with imports decreasing by the most on record as the front-running of goods ahead of tariffs ebbed, which could provide a lift to economic growth this quarter.