Tariff Worries Push Trade Deficit Higher as Companies Rush Imports to US

Toyota Says Tariffs Will Erase $1.3 Billion in Profits in Just 2 Months

The automaker’s somber forecast for the fiscal year underscored how quickly fortunes have turned for many companies reckoning with President Trump’s tariffs.

Used vehicle pricing barometer jumps to highest level since 2023 amid auto tariffs

Manheim's Used Vehicle Value Index that tracks used vehicle prices sold at U.S. wholesale auctions increased 4.9% last month to its highest level since 2023.

U.S. trade deficit hits record high as businesses, consumers try to get ahead of Trump tariffs

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 stockpiling of pharmaceutical products.

US trade deficit hits record high as businesses, consumers try to get ahead of Trump tariffs

The U.S. trade deficit soared to a monthly record of $140.5 billion in March, signaling a rush for imports from businesses and consumers alike ahead of President Donald Trump’s latest — and most sweeping — tariffs taking effect

US records record trade deficit of $140.5 billion in March, preceding Trump tariffs

The US trade deficit soared to a record $140.5 billion in March, marking the largest shortfall since 1992, according to government data. Imports surged by 4.4 percent to $419.0 billion as businesses stocked up ahead of anticipated tariffs, particularly in consumer goods. While exports saw a slight increase, the overall imbalance exceeded analysts' expectations.

Tariff Worries Push Trade Deficit Higher as Companies Rush Imports to US

Extra shipments could help keep prices down temporarily, but tariffs are expected to take effect soon.