US: Trade Contracts As COVID-19 Hits Supply Chains

<p>The U.S. trade deficit widened to $44.4 billion in March, up from $39.8 billion in February, in line with market expectations. Both exports and imports of goods saw heavy contractions in March. Exports declined by 6.5% month-on-month, while imports fell by 2.1%. The drop in exports was broad-based across all product categories. Automotive exports saw […]</p>
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