US trade deficit rises 4.4% to $60.3 billion in March
NewsBytes | May 5, 2026 11:39 PM CST
AI hardware, oil shipments, tariff rush
Imports rose 2.3% to $381.2 billion, with strong demand for tech gear leading the way (economist Grace Zwemmer points out that AI hardware was a big driver here).
Exports went up 2% to $320.9 billion, fueled by oil shipments as shipping routes got disrupted after Iran nearly blocked the Strait of Hormuz.
Plus, a recent Supreme Court decision changed tariff rules from the Trump era, so businesses rushed to import goods before new duties kicked in.
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