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.