US Trade Deficit Hits All-Time High Amidst Trump’s Tariff Storm

The US trade deficit surged to an all-time high of $162 billion in March 2025, according to the US Census Bureau, surpassing last year’s record of $92.8 billion. This gap marks the largest monthly trade imbalance since the government began tracking these figures in the early 1990s. Businesses scrambled to purchase goods ahead of potential price hikes due to tariffs imposed by President Donald Trump. Consequently, imports surged while exports remained relatively flat.