US trade deficit hits all-time high despite Trump’s promise

In March 2025, the US trade deficit in goods surged to 162 billion USD, marking the highest level since the 1990s. This increase follows the implementation of a 10% baseline tariff and a 145% tariff on many Chinese goods, prompting businesses to rush imports.

As GDP growth is projected to drop to 0.3% for Q1 2025, experts warn that this data may mask the true economic picture, heavily favoring imports. Analysts stress that the context of these numbers, stemming from panic buying, could lead to misleading interpretations of economic health.