US March advance goods trade balance -161.99BB vs -147.85B prior

• Prior was -147.91B
• Exports of goods for March were $180.8 billion, $2.2 billion more than February exports
• Imports of goods for March were $342.7 billion, $16.3 billion more than February imports

This is a surprisingly soft number and I’ve seen estimates at $145 billion. Given that there should have been some front-running of tariffs, this is likely to be the low for awhile. In any case, trade will be a major drag on Q1 GDP, in the first look tomorrow.

This article was written by Adam Button at www.forexlive.com.