US Goods Trade Deficit Widens to 87.9 Billion Dollars
The US goods trade gap grew 5.3% in March as motor vehicle imports surged. This deficit may weigh on first-quarter GDP growth despite rising inventories.
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The United States goods trade deficit widened 5.3% to $87.9 billion in March as import growth outpaced export gains. The gap exceeded the $86.95 billion forecast by Reuters economists and follows a $83.5 billion deficit in February. This widening suggests trade acted as a drag on first-quarter economic growth before the Thursday GDP release.
