Economic Buzz: US Trade Deficit Narrows Considerably In March

The US Commerce Department released a report on Thursday showing a significantly narrower U.S. trade deficit in the month of March with exports climbing and imports falling. The Commerce Department said the trade deficit narrowed to $ 49.0 billion in March from a revised $ 57.7 billion in February. The narrower deficit was partly due to a jump in the value of exports, which surged up by 2.0 percent to $ 208.5 billion in March from $ 204.4 billion in February.