New York | The US trade deficit soared to a record $US140.5 billion ($215 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 US 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 $US68.6 billion.
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AP