Tariff-Frontrunning Sparks Record Trade Deficit In March
The US trade deficit widened to a record in March as companies rushed to import products as the Trump administration readied sweeping tariffs.
The goods and services trade gap grew 14% from the prior month to $140.5 billion (notably higher than the median estimate of a $137.2 billion deficit)
The value of imports jumped 4.4% to a record $419 billion, while exports edged up just 0.2% as firms scrambled to get ahead of President Trump’s ‘Liberation Day’ tariffs….
As a reminder, the figures aren’t adjusted for inflation.
Both Goods and Services deficits increased. Imports of consumer goods climbed by the most on record, while inbound shipments of capital equipment and motor vehicles also increased.
Oil & Gas exports topped import by a record in March while imports of Chemicals relative to exports exploded to a record high…
Interestingly, while the trade deficit with Canada and Mexico shrank, Mexico’s trade deficit surged to a record high. The gap with Ireland surged to $29.3 billion as Goods imports from the EU surged amid a likely pull-forward in imports of pharmaceutical goods from the region.
Imports from transshipment hubs surged, likely as some imports from China were diverted to third countries. Imports from Vietnam and Thailand rose well above the 75th percentile of their year-to-date pace.
Of course, the gold arbitrage that we have discussed in detail also has some impact on this data. As a reminder, GDP fell an annualized 0.3% in the January-March period, with net exports subtracting nearly 5 percentage points – the most on record.
But as Goldman Sachs pointed out, this tariff-front running surge in imports as American firms stocked up on inventory, will reverse in Q2 (Bloomberg Economics sees the import surge from tariff front-running easing, based on a drop in container shipping from China to the US since April 16)…
… prompting a resurgence in the headline GDP data.
Tyler Durden Tue, 05/06/2025 – 08:45
Source: https://freedombunker.com/2025/05/06/tariff-frontrunning-sparks-record-trade-deficit-in-march/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Online: | |
| Visits: | 1,694,319,952 |
| Stories: | 8,411,298 |
Whistler Blowers, Insiders
