US trade deficit climbs 8.5% in April
The US trade deficit climbed 8.5% to $40.3 billion in April from a revised $37.1 billion in the prior month, as imports from China surged after the end of a major holiday season in that country.
The trade deficit in the US widened in April from a more than three year low, reflecting a rebound in imports of consumer goods and business equipment that eases concern about the degree of slowing in economic growth.