Subdued consumer spending also contributed to the slow rebound
Trade deficit in April grew nearly 8% from a year earlier
Higher interest rates are weighing on the economy
Warning comes as big U.S. banks issue mixed profit reports
Figures from March will likely delay Fed rate cuts
Xi Jinping calls for closer trade ties with the U.S.
Deal calls for $100 billion in investments over 15 years
Economy managed growth of 0.4% in 2023's final quarter
Recent data suggest U.S. economy remains hot
Latest data show U.S. small businesses are hiring staff and implementing new tools to stay proactive and competitive