US Trade Gap Shrinks In April, But Deficit With China Worsens International Business Times • June 11, 2012

On a year-over-year basis, however, the U.S trade deficit widened by nearly 8 percent from about $40 billion in April 2011. “If it continues to grow at this rate, the trade deficit at the end of this year will be $40 billion more than what it was in 2011,” said Robert E. Scott, director of trade at the Economic Policy Institute.