US Trade Deficit Explodes To Record High In March• Zero Hedge
The US trade balance with the rest of the world collapsed to its largest deficit ever in March.
Imports rose 10.3% in March to $351.52b from $318.62b in Feb.
Exports rose 5.6% in March to $241.72b from $228.82b in Feb.
The gap in goods and services trade grew 22.3% to $109.8 billion, Commerce Department data showed Wednesday (this was even worse than the median estimate in a Bloomberg survey of economists which called for a $107.1 billion deficit).