US trade deficit widens to $50 billion in March [CNBC]
NIPPON YUSEN KBSHKI S/ADR (NPNYY)
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Source: CNBC
US trade deficit widens to $50 billion in March Mike Blake | Reuters A container ship arrives at Yusen Terminals on Terminal Island at the Port of Los Angeles, January 30, 2019. The U.S. goods and services deficit with its global trading partners widened slightly in March as demand for foreign goods buoyed imports, according to a government report published Thursday. The trade deficit rose 1.5% from February to a seasonally adjusted $50 billion in March, the Commerce Department said Thursday. Economists surveyed by Refinitiv expected the U.S. trade deficit in March to fall to $50.2 billion from a revised $49.3 billion in February. Though the trade deficit widened in March, it remains below the recent December high. The trade gap ballooned to $59.9 billion at the end of 2018, which was the largest gap in 10 years. On a year-to-date basis, the goods and services deficit decreased $5.8 billion, or 3.7%, from the same period in 2018; on a month-over-month basis, imports rose 1.1% to $261.
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