U.S. Trade Deficit Soars to Record High in March

The U.S. trade deficit soared to a record high in March as the economic sanctions against Russia hurt the American economy more than the Russians.

Imports rose 10.3 percent in March from $318.62 billion in the previous month to $351.52 billion while exports rose 5.6 percent in March from $228.82 billion in the previous month to $241.72 billion. The gap in trading goods and services grew an astronomical 22.3 percent to $109.8 billion, according to data from the U.S. Commerce Department.

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