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With exports climbing and imports falling, the Commerce Department released a report on Tuesday showing the U.S. trade deficit narrowed in the month of April.
The report showed the trade deficit narrowed to $68.9 billion in April from a revised $75.0 billion in March. Economists had expected the deficit to narrow to $69.0 billion from the $74.4 billion originally reported for the previous month.
The narrower trade deficit came as the value of exports jumped by 1.1 percent to $205.0 billion, while the value of imports slumped by 1.4 percent to $273.9 billion.
