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…