Trade Deficit Jumps in April

Summary


WASHINGTON (AP) - The trade deficit soared to the highest level in more than a year as an improvement in exports was swamped by record-high levels of imported crude oil. The deficit with China also rose sharply.

The gap between what the nation imports and what it sells abroad rose by

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Extract


Trade Deficit Jumps in April

7.8 percent in April to $60.9 billion, the Commerce Department reported Tuesday. It was the largest imbalance since March 2007.

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