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The US foreign trade deficit broke a new record in March

The US foreign trade deficit reached an all-time high in March, increasing 14% from the previous month to USD 140.5 billion.

The US foreign trade deficit broke a new record in March

According to transactions conducted by the US Department of Commerce, the market was at USD 136.8 billion. In February, the deficit stood at USD 123.2 billion.

In March, U.S. exports increased 0.2% to USD 278.5 billion, setting a new record, while imports increased 4.4%, reaching a natural rate of return of USD 419 billion, the fastest pace ever.

The country ran woeful trade deficits of USD 48.3 billion against the European Union and USD 24.8 billion against China. The US trade deficit against Ireland nearly doubled to USD 29.3 billion. Mexico (USD 16.8 billion), Switzerland (USD 14.7 billion), Vietnam (USD 14.1 billion) and Taiwan (USD 8.7 billion) stood out.

On the other hand, countries around the world with the US trade total included the Netherlands (USD 4.5 billion), South and Central America (USD 3.2 billion), Hong Kong (USD 1.9 billion) and the United Kingdom (USD 1.2 billion).

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