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U.S. trade deficit hits record $74.4 billion in March

By MARTIN CRUTSINGER, AP Economics Writer
Published: May 4, 2021, 8:26am
Crew members stand on the bow as the CMA CGM Argentina arrives at PortMiami, the largest container ship to call at a Florida port, Tuesday, April 6, 2021, in Miami. The U.S. trade deficit grew to $71.1 billion in February, as a decline in exports more than offset a slight dip in imports. The February gap between what America buys from abroad compared to what it sells abroad jumped 4.8% the revised January deficit of $67.8 billion.vThe increase reflected a 2.6% decline in exports of goods and services to $187.3 billion on a seasonally adjusted basis.
Crew members stand on the bow as the CMA CGM Argentina arrives at PortMiami, the largest container ship to call at a Florida port, Tuesday, April 6, 2021, in Miami. The U.S. trade deficit grew to $71.1 billion in February, as a decline in exports more than offset a slight dip in imports. The February gap between what America buys from abroad compared to what it sells abroad jumped 4.8% the revised January deficit of $67.8 billion.vThe increase reflected a 2.6% decline in exports of goods and services to $187.3 billion on a seasonally adjusted basis. (AP Photo/Lynne Sladky)

WASHINGTON — The U.S. trade deficit surged to a record $74.4 billion in March as an improving U.S. economy drove purchases of imported foreign goods.

The deficit, the gap between what America buys from abroad and what it sells to other countries, was 5.6% greater than the February gap of $70.5

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