WASHINGTON – The U.S. trade deficit surged to a record $74.4 billion in March as an improving U.S. economy drove purchases of imported foreign goods.
The deficit was 5.6% higher than the February gap of $70,5 billion, the Commerce Department reported Tuesday. The trade deficit is the gap between what America buys from abroad and what it sells to other countries..
Imports rose 6.3% to $274.5 billion while exports increased 6.6% to $200 billion. The U.S. imports so much more than it exports that in dollar terms, the rise in imports was greater.Read more on clickorlando.com