6/5/2025–|Last update: 6/5/202508:01 PM (Mecca time)
The US trade deficit in March reached a new record, according to what was released today, Tuesday, at a time when imports rose significantly before entering the customs duties imposed by US President Donald Trump.
The trade deficit in the largest economy in the world increased by 14% to $ 140.5 billion in March, according to what the Ministry of Trade announced in a statement.
This is the largest commercial deficit in one month since 1992 and formed an increase of $ 17.3 billion, compared to 123.2 billion in February.
https://www.youtube.com/watch?v=84VTZ_G –050
Store goods
Wales Vargo economists wrote in a note to the clients: “Companies have been informed in importing necessary industrial supplies, while Mafraq dealers stored consumer goods in March in anticipation of customs duties.”
These numbers include the month that has previously imposed Trump’s highly high customs acquaintances on China.
The White House imposed additional customs duties on dozens of Washington’s commercial partners and then suspended until July to give the country time to re -negotiate existing trade agreements.
The commercial deficit in March was higher than the average expected by economic experts, their views, Dow Jones News, Wall Street Journal, of 137.6 billion.
https://www.youtube.com/watch?v=1pgf4tglrlm
High imports
The commercial deficit was affected by the increase in imports by 4.4%, to reach 419 billion, while people rushed to buy goods before entering the high customs duties into effect.
The largest increase in the import of consumer goods, which increased by 22.5% in March, was recorded.
Exports increased slightly by 0.2% to reach 278.5 billion.