WASHINGTON (MarketWatch) -- The U.S. trade deficit widened by 2.2% in April to $29.2 billion, the Commerce Department said Wednesday. The deficit was in line with the consensus forecast of Wall Street economists. Exports fell faster than imports in January. Exports are now at their lowest level since July 2006 while imports have sunk to their lowest level since September 2004. Through the first four months of this year, the trade deficit was $120.4 billion, down significantly from $244.8 billion over the same period last year. The U.S. trade deficit with China narrowed to $16.75 billion in compared with $20.30 billion in the same month last year.
