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Pre-tariffs stockpiling boosts US goods trade deficit to record high

  • The US trade deficit reached a record high of $US162 billion in March, marking the largest ever reported, attributed to a surge in imports due to expected tariffs from President Donald Trump.
  • US businesses imported a record $US342.7 billion worth of goods in anticipation of the tariff announcement, which included significant tariffs on many imports.
  • Economists are projecting a GDP contraction for the first quarter, with Goldman Sachs estimating a decline of 0.8% as a result of rising imports and tariffs.
  • Tariffs may negatively impact GDP in upcoming quarters, despite better-than-expected employment figures.
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US growth figure expected to make for tough reading for Trump

US GDP figures for the first quarter are expected to show a sharp drop-off in growth -- and possibly even a recession -- reflecting a surge in imports before President Donald Trump's sweeping tariffs came into effect.

·Missoula, United States
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Zero Hedge broke the news in United States on Tuesday, April 29, 2025.
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