US trade gap widened to fresh record of US$74.4bil in March


WASHINGTON (Bloomberg) -- The U.S. trade deficit widened to a new record in March as the value of imports surged to a fresh high.

The gap in trade of goods and services expanded to US$74.4 billion in March from a revised US$70.5 billion in February, according to Commerce Department data released Tuesday. That matched a median estimate in a Bloomberg survey of economists.

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