The U.S. Census Bureau and the U.S. Bureau of Economic Analysis have released the U.S. trade balance data for March. During the month, the goods and services deficit was $140.5 billion, an increase of $17.3 billion from the revised February figure of $123.2 billion.
U.S. Trade Deficit Increases by $17.3 Billion
In March, exports increased by $0.5 billion month-over-month (MoM) to $278.5 billion while imports increased by $17.8 billion to $419 billion. The increase in the deficit was likely attributed to U.S. companies front running the tariff measures from the Trump administration. Investors will want to mark their calendars for June 5, as the next U.S. trade balance report will be released then.
The S&P 500 (SPX) opened in the red this morning as market participants digest the new data point.
