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News in English (USA) / 06.05.2025 / 16:00

U.S. Trade Deficit Reaches Record High Amid Surge in Imports Ahead of Tariffs

The U.S. trade deficit widened to an unprecedented $140.5 billion in March, driven by a significant influx of imports as businesses rushed to stockpile goods ahead of looming tariffs. This surge in pre-tariff imports has raised concerns among Wall Street analysts, who predict potential GDP contraction resulting from the enhanced trade gap. Previous forecasts have been surpassed, with economists alarming at the extent to which these tariffs have altered import patterns, leading to heightened reliance on foreign goods. While consumer spending appears robust, the long-term implications of the tariff-induced market changes remain uncertain.
Bureau of Economic Analysis (BEA) (.gov), NBC News, Bloomberg.com, Reuters, MarketWatch, Financial Times, WSJ, Newsweek, qz.com, France 24