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U.S. trade deficit rises to a record high in March By Reuters

© Reuters. FILE PHOTO: Ships and delivery containers are pictured on the port of Long Beach in Long Beach, California, U.S., January 30, 2019. REUTERS/Mike Blake/File Photo

WASHINGTON (Reuters) – The U.S. trade deficit jumped to a record high in March amid roaring home demand, which is drawing in imports, and the hole might widen additional because the nation’s financial exercise rebounds sooner than its international rivals.

The trade deficit elevated 5.6% to an all-time high of $74.4 billion in March, the Commerce Department stated on Tuesday. Economists polled by Reuters had forecast a $74.5 billion trade hole in March.

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