US Trade Deficit Widens To One-Year High
(FinancialExpress) — The trade deficit in the US widened in March to the highest level in more than a year as the cost of imported oil climbed and companies restocked shelves with goods bought abroad. The gap grew 2.5% to $40.4 billion, in line with the median forecast, Commerce Department figures showed on Wednesday in Washington. The value of imported crude climbed to the highest level since October 2008.
