The
Commerce Department released the trade balance data on Wednesday. The U.S. trade
deficit increased 6.9% to $47.2 billion in April, from a deficit of 44.18 in March.
That was the largest figure since April 2012. March’s figure was revised down
to a deficit of $44.18 billion from -40.40 billion U.S. dollar.
Imports rose
1.2% in April to a record $240.6 billion from $237.8 billion in March. Exports declined
0.2% to $193.3 billion.
The trade gap
with the European Union was the largest on record.
The trade
gap with China jumped 16.3% to $27.3 billion in April from $20.4 billion in
March.