Washington, Sha'ban 27, 1437, Jun 3, 2016, SPA -- The U.S. trade deficit, after falling to the lowest point in more than two years, increased in April as a surge in imported goods outpaced a rebound in exports. According to AP, the US Commerce Department said Friday that the deficit increased 5.3 percent in April to $37.4 billion, up from an imbalance of $35.5 billion in March. Exports increased 1.5 percent to $182.8 billion but imports rose faster, increasing 2.1 percent to $220.2 billion. The politically sensitive deficit with China surged 16.3 percent to $24.3 billion, a development certain to heighten trade tensions between the world's two largest economies. So far this year, the deficit is running 4.8 percent below the pace set a year ago with a fall in imports offsetting further weakness in U.S. exports, which have been hurt by a slowdown in global growth. U.S. export sales have also been hurt by a strong dollar which makes American products more expensive on overseas markets. However, the dollar has weakened a bit since peaking earlier this year. If that trend continues, it could help export sales going forward. --SPA 20:43 LOCAL TIME 17:43 GMT www.spa.gov.sa/w
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