U.S. trade deficit drops 3.6 percent in March

Washington • The U.S. trade deficit narrowed in March as exports rebounded to the second highest level on record, led by strong gains in sales of aircraft, autos and farm goods. The deficit declined to $40.4 billion, down 3.6 percent from a revised February imbalance of $41.9 billion, the Commerce Department reported Tuesday. The February deficit had been the biggest trade gap in five months. U.S. exports rose 2.1 percent to $193.9 billion with exports to Canada and South Korea hitting all-time ...

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