The U.S. trade deficit widens in March as imports increase, according to data cited from the U.S. Commerce Department. The trade gap rises 4.4% to US$60.3 billion, compared with expectations of US$60.9 billion. The figures reflect a larger imbalance between what the United States imports and exports during the month. Both outlets also note that petroleum exports increase over the same period. While the deficit grows, the reported level is slightly below the forecast cited by one source. The widening deficit is therefore presented as being driven primarily by import growth, with petroleum exports contributing to export performance. Overall, the coverage agrees on the direction and magnitude of the month’s trade gap, the percentage increase, and the reported U.S. dollar value for March.
U.S. trade deficit widens in March as imports rise and petroleum exports increase
The U.S. trade deficit widens in March as imports increase, according to data cited from the U.S. Commerce Department. The trade gap rises 4.4% to US$60.3 billion, compared with expectations of US$60....
- U.S. trade deficit rises 4.4% in March.
- The deficit totals US$60.3 billion.
- U.S. Commerce Department data is cited as the source of the figures.
- One report says the deficit is below a forecast of US$60.9 billion.
- Petroleum exports increase in March.
The trade gap increased 4.4% to US$60.3 billion, says the commerce department.
3 months agoTrade gap increased 4.4% to US$60.3-billion, compared with forecasts of US$60.9-billion
3 months ago
Kevin Warsh’s Jackson Hole speech shifts market debate on Fed rate hikes
Federal Reserve chair Kevin Warsh delivers a Jackson Hole speech in a moment when markets are focused on whether the Fed...
FTSE Russell reclassifies Nigeria as a Frontier Market effective September 21, 2026
FTSE Russell reclassifies Nigeria’s equities market from “unclassified” to “Frontier Market,” with the change taking eff...
Kevin Warsh says inflation isn’t slowing and pledges to restore the Fed’s 2% target
Federal Reserve policy official Kevin Warsh says inflation is not meaningfully slowing and warns that the central bank m...