The U.S. trade deficit (including goods and services) climbed 10% in March vs. a year earlier, the 13th straight increase. That was largely due to an increase in capital goods imports. Additionally the services’ surplus fell for a fourth straight month after the growth in financial services imports of 13% exceeded exports’ 4%. The data will do little to improve the Trump administration’s view of trade relations, driven as it is by the U.S. trade-in-goods deficit. A 5% rise in the deficit vs. China overshadows this week’s trade summit. The deficit with Mexico climbed 15%, though with Cana...
Copyright © 2025 Panjiva Supply Chain Intelligence, a product offering from S&P Global Market Intelligence Inc. All rights reserved.




