US records record trade deficit of $140.5 billion in March, preceding Trump tariffs

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Times of India 4h ago

US records record trade deficit of $140.5 billion in March, preceding Trump tariffs - Times of India

Quick Summary:

The US trade deficit soared to a record $140.5 billion in March, marking the largest shortfall since 1992, according to government data.Imports surged by 4.4 percent to $419.0 billion as businesses stocked up ahead of anticipated tariffs, particularly in consumer goods.

While exports saw a slight increase, the overall imbalance exceeded analysts' expectations.

The primary focus of the TOI Business Desk is to keep a watchful eye on the global business landscape, covering a wide spectrum of industries, markets, economic trends, in-depth analysis, exclusive reports and breaking stories that impact businesses and economies.