The US trade deficit widened 4.4% to $60.3 billion in March, as import growth
outpaced exports, signaling resilient demand. Imports rose 2.3%, driven by
vehicles, consumer goods, and AI-related capital equipment, while exports gained
2% on higher oil shipments. Net exports weighed on Q1 GDP. Ongoing Iran conflict
and Strait of Hormuz disruptions add further uncertainty to global trade flows.
