US trade deficit narrowed slightly to $69.4bn in March, with imports down 1.6% and exports down 2.0%.

The US trade deficit narrowed slightly to $69.4bn in March from $69.5bn in February, according to the Commerce Department. Imports dropped 1.6% to $327bn, while exports decreased by 2.0% to $257.6bn, resulting in a decline in overall trade. The trade gap was larger than expected, with analysts anticipating a figure of $69.0bn. However, domestic demand remains resilient despite the wider trade deficit and weaker global demand.