{"id":650788,"date":"2026-05-06T04:29:49","date_gmt":"2026-05-06T04:29:49","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/650788\/"},"modified":"2026-05-06T04:29:49","modified_gmt":"2026-05-06T04:29:49","slug":"u-s-trade-deficit-widens-in-march-on-imports-petroleum-exports-rise","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/650788\/","title":{"rendered":"U.S. trade deficit widens in March on imports; petroleum exports rise"},"content":{"rendered":"<p class=\"c-article-body__text text-pr-5\">The U.S. trade deficit widened in March as an artificial intelligence investment boom pulled in imports, more than offsetting an increase in exports, which were partly boosted by petroleum shipments amid the Middle East conflict. <\/p>\n<p class=\"c-article-body__text text-pr-5\">The trade gap increased 4.4 per cent to US$60.3-billion, the Commerce Department\u2019s Bureau of Economic Analysis and Census Bureau said on Tuesday. Economists polled by Reuters forecast the trade deficit rising to US$60.9-billion in March.<\/p>\n<p class=\"c-article-body__text text-pr-5\">Trade subtracted 1.3 percentage points from gross domestic product growth in the first quarter. The economy grew at a 2.2-per-cent annualized rate last quarter. <\/p>\n<p class=\"c-article-body__text mv-16 l-inset text-pb-8\" data-sophi-feature=\"interstitial\"><a href=\"https:\/\/www.theglobeandmail.com\/business\/economy\/article-canada-trade-balance-surplus-march-2026-crude-prices-gold-exports\/\" rel=\"nofollow noopener\" target=\"_blank\">Canada swings to trade surplus in March on surge in crude prices and gold exports<\/a><\/p>\n<p class=\"c-article-body__text text-pr-5\">Imports increased 2.3 per cent to US$381.2-billion in March. Goods imports rose 3.6 per cent to US$302.2-billion, boosted by a surge in capital goods to a record high of US$120.7-billion. <\/p>\n<p class=\"c-article-body__text text-pr-5\">Exports increased 2 per cent to a an all-time high of US$320.9-billion. Goods exports surged 3.1 per cent to a record high US$213.5-billion amid a rise in the shipments of petroleum. <\/p>\n<p class=\"c-article-body__text text-pr-5\">The <a href=\"https:\/\/www.theglobeandmail.com\/topics\/middle-east\/\" target=\"_blank\" rel=\"noreferrer nofollow noopener\" title=\"https:\/\/www.theglobeandmail.com\/topics\/middle-east\/\">U.S.-Israeli war with Iran<\/a>, which has disrupted oil shipments and raised crude prices, will likely further boost petroleum exports in the months ahead. The U.S. is a net oil exporter. <\/p>\n","protected":false},"excerpt":{"rendered":"The U.S. trade deficit widened in March as an artificial intelligence investment boom pulled in imports, more than&hellip;\n","protected":false},"author":2,"featured_media":650789,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[901,888,902,879,877,903,45,49,48,876,895,896,891,878,875,46,549,295,894,887,914,880,881,893,889,890,884,904,885,909,910,912,907,911,905,908,882,898,899,714,897,906,865,61,900,892,886,883,913],"class_list":["post-650788","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-alberta","tag-arts-news","tag-bc","tag-breaking-news","tag-breaking-news-video","tag-british-columbia","tag-business","tag-ca","tag-canada","tag-canada-news","tag-canada-sports","tag-canada-sports-news","tag-canada-trafficcanada-weather","tag-canadian-breaking-news","tag-canadian-news","tag-economy","tag-education","tag-environment","tag-federal-government","tag-foreign-news","tag-globe-and-mail","tag-globe-and-mail-breaking-news","tag-globe-and-mail-canada-news","tag-government","tag-life-news","tag-lifestyle","tag-local-news","tag-manitoba","tag-national-news","tag-new-brunswick","tag-newfoundland-and-labrador","tag-northwest-territories","tag-nova-scotia","tag-nunavut","tag-ontario","tag-pei","tag-photos","tag-political-news","tag-political-opinion","tag-politics","tag-politics-news","tag-quebec","tag-sports-news","tag-technology","tag-travel","tag-trudeau","tag-us-news","tag-world-news","tag-yukon"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/650788","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=650788"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/650788\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/650789"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=650788"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=650788"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=650788"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}