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May 5, 2021

Trade deficit hits record $74.4B in March

By MARTIN CRUTSINGER
AP Economics Writer

WASHINGTON — The U.S. trade deficit surged to a record $74.4 billion in March as an improving U.S. economy drove purchases of imported foreign goods.

The deficit, the gap between what America buys from abroad and what it sells to other countries, was 5.6% greater than the February gap of $70.5 billion, the Commerce Department reported Tuesday.


 
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