The U.S. trade deficit widened by almost 12% in March as the coronavirus pandemic takes a toll on the country’s exports and imports.

Imports fell 6.2%, but U.S. exports sunk at an even deeper 9.6% to cause the trade gap to rise.

It’s the highest monthly decline in exports ever recorded.

The U.S. deficit rose to $44.4 billion in March from $39.8 billion in February.

The reports were the latest indication that the economy was sinking deeper into recession and that a sharp rebound was unlikely even as parts of the United States started to reopen.

Yvad Billings, Readers Bureau, Fellow

Edited by Jesus Chan

Do you want to add feedback to this story?

Please add a comment in the e-mail box below or send email to info@thereadersbureau.com

Like our Facebook page https://www.facebook.com/TheReadersBureau