Reported about 12 hours ago
In March, U.S. imports reached a record high of $342.7 billion, increasing by 5% from February, as businesses stockpiled goods ahead of new tariffs from President Trump. This surge is expected to negatively impact GDP growth, particularly as the upcoming tariffs, including a significant import tax on foreign goods, may further deter imports. Forecasters predict a potential decline in GDP for the first quarter, marking a significant economic slowdown.
Source: YAHOO