U.S. trade deficit narrows in March

Trade balance of the U.S. came in deficit in March, however, the gap narrowed as the value of imports fell at a faster pace than the value of exports, the Commerce Department reported on Thursday. The report showed that the deficit fell from a level of $43.6 billion recorded in February to $38.8 billion in March, while it was expected to slide to $42.4 billion from originally estimated $43.0 billion.