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US trade deficit hit fresh record before new Trump tariffs

US President Donald Trump speaks during the National Prayer Breakfast at the US Capitol in Washington, DC, on February 6, 2025. (Photo by Mandel NGAN / AFP)

The US trade deficit reached a new record in March, according to fresh government data published Tuesday, as imports surged ahead of President Donald Trump's "liberation day" tariff rollout.

The overall trade gap of the world's largest economy jumped 14.0 percent to $140.5 billion for the month, the Commerce Department said in a statement.

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