The U.S. trade deficit widened to a record high in March as businesses boosted imports of goods ahead of President Donald Trump's sweeping tariffs, which dragged gross domestic product into negative territory in the first quarter for the first time in three years.

The U.S. trade deficit soared to a monthly record of $140.5 billion in March, signaling a rush for imports from businesses and consumers alike ahead of President Donald Trump’s latest — and most sweep

Key Takeaways The U.S. trade deficit soared by 14% in March to reach a record $140.5 billion as businesses rushed to import products ahead of President Donald Trump’s tariffs.The trade deficit in the first three months of this year nearly doubled compared with last year's first quarter,