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flag U.S. trade deficit reaches record $140.5 billion in March as imports surge ahead of tariff hikes.

flag The US trade deficit hit a record high of $140.5 billion in March, largely due to businesses and consumers stockpiling goods ahead of potential tariff increases. flag Imports surged to nearly $419 billion, while exports were around $278.5 billion. flag This spike reflects efforts to avoid tariffs and has raised concerns about possible shortages and price hikes. flag Despite the White House’s claims that tariffs will benefit the economy, economists warn of potential negative impacts, including economic uncertainty and slower growth.

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