The goods trade deficit jumped 17.8% to $125.3bln
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WASHINGTON- The U.S. trade deficit in goods widened sharply in March amid a surge in imports, suggesting that trade remained a drag on economic growth in the first quarter.
The goods trade deficit jumped 17.8% to $125.3 billion, the Commerce Department said on Wednesday. Imports accelerated 11.5%, outpacing a 7.2% increase in exports. Trade has subtracted from gross domestic product growth for six straight quarters.
(Reporting by Lucia Mutikani; Editing by Andrew Heavens)
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