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

IndiaTimes Tuesday, 6 May 2025
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.
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