U.S. trade deficit soars 12% in March as coronavirus slams exporters and tourism
Published: May 5, 2020 at 9:43 a.m. ET
By Jeffry Bartash
Global pandemic causes tourism and travel to collapse
The numbers: The U.S. trade deficit widened by almost 12% in March as the coronavirus pandemic grounded international flights, froze the global tourism industry and caused massive disruptions in the exchange of goods such as new cars and iPhones.
Imports fell 6.2%, but U.S. exports tumbled an even deeper 9.6% to cause the trade gap to rise. Its the biggest monthly decline in exports ever recorded.
The U.S. deficit rose to $44.4 billion in March from $39.8 billion in February, the government said Tuesday. Economists polled by MarketWatch had forecast a $44.2 billion shortfall.
https://www.marketwatch.com/story/us-trade-deficit-soars-12-in-march-as-coronavirus-slams-american-exporters-2020-05-05
And just think the country has a "guy" that has filed for more bankruptcies than anyone I know .........and there is more new and deadly strain of the virus............and there are twits in state government trying to outdo each other and open the system up..............hold on.................