US trade deficit reached a record $ 74.4 billion in March – us trade deficit reached a record $ 744 billion in march
The US Department of Commerce said on Tuesday that the US trade deficit was 5.6 percent higher than its February deficit of $ 70.5 billion. There is a trade deficit if the purchase is more than what the US buys from abroad and what it sells to abroad.
US imports rose 6.3 percent to $ 274.5 billion during this period, while exports rose 6.6 percent to $ 200 billion.
It incurred a trade deficit in March due to high US imports.
Its trade deficit with China increased by 11.6 percent to $ 27.7 billion, its biggest trade deficit with any country.
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