5 Year High For Import Inflation May Spur Deficit Jump — Panjiva
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Supply Chain Research

5 Year High For Import Inflation May Spur Deficit Jump

Trade Balance 932 U.S. 5325 USMCA 456

The U.S. goods deficit in March, the second to be reported under President Trump’s administration, may increase. Import prices rose 4.3% compared to a 3.6% growth in exports. The import figure included a 1% increase in non-fuel prices, the fastest since April 2012. This comes on top of a 7% rise in seaborne imports, Panjiva data shows. On a monthly basis prices fell 0.2% but shipments increased 2.1%. Economists currently expect the deficit to fall vs. February but to have jumped vs. last March. The importance of the deficit as a trade-success barometer for the administration may lead to ...

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