US EditionUS Trade Deficit Hit Record High in March on Pre-Tariff Import Surge
- In March 2025, the U.S. Trade deficit reached an unprecedented high of $140.5 billion, largely due to rising imports across multiple industries.
- The surge followed businesses and consumers stockpiling goods to avoid anticipated tariffs announced by President Trump in recent months.
- Federal data showed pharmaceutical imports rose $20.9 billion as drugmakers rushed to beat the tariff threats targeting their sector.
- President Trump said to 'be patient' as the White House claims tariffs will reduce deficits, boost manufacturing, and generate revenue despite rising costs for businesses and consumers.
- Economists warn these tariffs could raise prices for consumers and delay manufacturing recovery, with some manufacturers expecting 2 to 3 years before reshoring occurs.
222 Articles
222 Articles
Graphics: Is this the economic impact of U.S. tariffs?
The U.S. trade deficit widened to a record high in March as businesses rushed to import goods ahead of sweeping tariffs, which dragged GDP into negative territory in the first quarter for the first time in three years amid a huge fall in consumer sentiment.
Consumers accelerate purchases as tariff fears rise, data shows
New data released on Thursday indicates that consumers sped up purchases in April, hoping to stay ahead of potential tariffs.The CNBC/NRF Retail Monitor reported that retail sales were 0.72% higher month over month and 6.76% year over year in April. Sales of digital products saw a huge increase, rising 27.67% year over year.It was an especially strong month for electronics and appliances, which were 10.5% higher this April compared to the previo…
Roanoke Times
Tribune ChronicleUS trade deficit hits record high
NEW YORK — The U.S. trade deficit soared to a record $140.5 billion in March as consumers and businesses alike tried to get ahead of President Donald Trump's latest and most sweeping tariffs — with federal data showing an enormous…
U.S. trade deficit hits record on tariff fears
KEY TAKEAWAYS: U.S. trade deficit hit a record $140.5B in March. Pharma imports surged $20.9B, mostly from Ireland. New tariffs prompted businesses to stockpile goods. First-quarter GDP shrank 0.3% amid tariff uncertainty. The U.S. trade deficit soared to a record $140.5 billion in March as consumers and businesses alike tried to get ahead of President Donald Trump’s latest and most sweeping tariffs — with federal data showing an enormous …
U.S. Trade Deficit Rises Sharply in March as Tariff Policies Take Effect
The U.S. trade deficit jumped to $140.5 billion in March, up 8% from February, as... The post U.S. Trade Deficit Rises Sharply in March as Tariff Policies Take Effect appeared first on News Facts Network.
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