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.
59 Articles
59 Articles

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.
Breitbart Business Digest: Tariff Front-Running Casts Dark Shadow Over First Quarter GDP
The American economy, like Mark Twain, may be forced to declare that rumors of its death are greatly exaggerated. The post Breitbart Business Digest: Tariff Front-Running Casts Dark Shadow Over First Quarter GDP appeared first on Breitbart.
Shares keep rising as US sees record trade deficit
Markets are set for another day of moderate gains, and the US has posted a record trade deficit for March ahead of the imposition of Donald Trump's sweeping tariffs in April. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
U.S. Tariffs Drive Import Boom and Trade Deficit, Consumer Costs Offset by Cheaper Energy
According to the U.S. Census Bureau, the U.S. goods trade deficit soared to $162 billion in March 2025, the largest monthly gap ever recorded. Imports climbed to $342.7 billion, up 5% from February and 30.8% higher than a year earlier. Exports increased more modestly to $180.8 billion, a 1.2% monthly gain and 6.8% year-on-year rise. […]
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