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US trade deficit reached a record $ 74.4 billion in March – us trade deficit reached a record $ 744 billion in march

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US trade deficit reached a record $ 74.4 billion in March – us trade deficit reached a record $ 744 billion in march

Washington, May 4 (AP) The US trade deficit reached a record $ 74.4 billion in March as purchases of imported foreign goods grew, with the US economy improving.

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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