US Trade Deficit Widens to 60.3 Billion Dollars in March
The US trade gap grew 4.4% in March as an AI boom drove imports to record levels. The deficit subtracted 1.3 percentage points from first-quarter economic growth.
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The United States trade deficit widened 4.4% to $60.3 billion in March as an artificial intelligence investment boom drove record imports. The gap increased from February, though it came in below the $60.9 billion deficit economists polled by Reuters forecast. Trade subtracted 1.30 percentage points from first-quarter GDP growth, which reached a 2.2% annualized rate.
