US trade deficit hits record high in March: $162 billion

The US goods trade deficit increased by $14 billion in March, rising to a record $162 billion.

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US trade deficit hits record high in March: $162 billion

According to preliminary data released by the US Census Bureau, the country's goods trade deficit increased by $14 billion in March, reaching a record level of $162 billion.

It was stated that this sharp increase in the trade deficit was caused by companies stocking up on imported goods ahead of a series of 'reciprocal tariffs' that the administration of President Donald Trump had begun to implement.

News Source: 12punto

US trade deficit hits record high in March: $162 billion

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