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US trade deficit hit record high in March as importers rush to avoid Trump tariffs
Source: Semafor
The US trade deficit rose to a record-high of $140.5 billion in March, surging 14% from the previous month as importers rushed goods into the country to preempt US President Donald Trump’s sweeping tariff hikes, Commerce Department data released Tuesday showed.
While official April trade figures won’t come until June, analysts have warned of a broader supply chain shock in the coming weeks: US shipping ports have seen decreasing import and export orders, especially from China.
Read more: https://www.semafor.com/article/05/06/2025/us-trade-deficit-hit-record-high-in-march-as-importers-rush-to-avoid-trump-tariffs