U.S. Imports Slowed in April, Shrinking Trade Deficit From Record

WASHINGTON—The U.S. trade deficit narrowed in April as imports fell sharply, reflecting a moderating appetite for foreign goods and materials from American consumers and businesses.

The trade gap in goods and services fell to 19.1% in April from the prior month to a seasonally adjusted $87.1 billion, the Commerce Department said Tuesday, retreating from March’s record $107.7 billion deficit.