America Automotive China Donald Trump Economy Exports Import Ireland Manufacturing New York Oil Pharmaceutical Revenue Supply Chain Tariff Travel United States USA White House
NEW YORK (AP) — The U.S. trade deficit soared to a record $140.5 billion in March as consumers and businesses alike tried to get ahead of President Donald Trump’s latest and most sweeping tariffs — with federal data showing an enormous stockpiling of pharmaceutical products. The deficit — which measures the gap between the value of goods and services the U.S. sells abroad against what it buys — has roughly doubled over the last year. In March 2024, Commerce Department records show, that gap was just under $68.6 billion. According to federal data released on Tuesday, U.S. exports for goods…
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