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US Trade Deficit Smaller in April, but Gap With China Grew

The U.S. trade deficit shrank in April, but the politically sensitive deficit with China moved higher. The Commerce Department said Thursday that the gap between the goods and services the U.S. buys and those it sells abroad fell 2.1% to $50.8 billion in April from March. Exports fell 2.2% to $206.8 billion on a big drop in orders for civilian aircraft, a category that is often volatile. Imports dropped 2.2% to $257.6 billion on tumbling purchases of semiconductors, chemicals and...

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