Trump II; First 100 days

[ombugge]

US trade deficit surges to record high in March

The government reported last week that the trade deficit cut a record 4.83 percentage points from GDP last quarter, resulting in the economy contracting at a 0.3 per cent annualised rate, the first decline since the first quarter of 2022.

Economists expect the flood of imports to ebb by May, which could help GDP to rebound in the second quarter.
They, however, caution that the lift from subsiding imports could be offset by a drop in exports as other nations boycott American goods and travel.