U.S. International Trade Deficit

SOURCE www.marketwatch.com
The U.S. international trade deficit reached a record high of $140.5 billion in March as companies imported goods ahead of tariffs.

Key Points

  • Trade deficit widened 14% in March to $140.5 billion.
  • Companies rushed to import foreign products ahead of White House tariffs.

Pros

  • Increase in imports may indicate strong demand for foreign products.

Cons

  • High trade deficit can have negative implications on the economy.