US trade deficit hits record high as businesses, consumers try to get ahead of Trump tariffs

By WYATTE GRANTHAM-PHILIPS, AP Business Writer
NEW YORK (AP) — The U.S. trade deficit soared to a record $140.5 billion in March as consumers and businesses alike tried to get ahead of President Donald Trump’s latest and most sweeping tariffs — with federal data showing an enormous stockpiling of pharmaceutical products.
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