US trade deficit rises slightly in April

For the second month in a row, there has been a minor setback on the trade front, but hopefully it won't mark a return to the nation's reckless trade deficit condition of the previous five years.

The U.S. trade deficit increased 2.2 percent in April to $29.2 billion, as exports fell at a faster pace than imports, the U.S. Commerce Department announced Tuesday.

Economists surveyed by Bloomberg News had expected the trade deficit to total $28.5 billion in April. The March trade deficit was revised slightly higher to $28.5 billion from the previously released $27.6 billion. The trade deficit totaled $26.1 billion in February.