US goods trade deficit widens sharply in March

The U.S. goods trade deficit significantly widened in March, climbing 9.6% to $162.0 billion, as imports surged by $16.3 billion amid concerns over potential tariffs. This import surge is expected to negatively impact the first quarter's GDP growth, potentially slowing it to 0.3%. Uncertainty surrounding the Trump administration's trade policies also contributed to the economic slowdown.