WASHINGTON—The U.S. trade deficit narrowed by the most in 10 years in April as exports jumped to a record high, suggesting that trade could contribute to economic growth this quarter.
The Commerce Department said on Tuesday that the trade deficit dropped 19.1 percent, the largest decline since December 2012, to $87.1 billion. Exports of goods and services increased 3.5 percent to an all-time high of $252.6 billion.
