US Trade Deficit Hits Record High In March

US Trade Deficit Hits Record High In March After the 2018-2019 rebound in the US Trade Balance to a three year low (as Trump 'adjusted' US-China's relationship), the trade deficit has surged from the start of the pandemic to the latest data in March, at $74.4 billion - the largest trade deficit in US history (from $71.1 billion a month earlier), in line with expectations. Source: Bloomberg Overall, imports rose 6.3% to a record $274.5 billion, while exports climbed 6.6% to $200 billion. Source: Bloomberg Developing... Tyler Durden Tue, 05/04/2021 - 08:37
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