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With imports rising by slightly more than exports, the Commerce Department released a report on Thursday showing the U.S. trade deficit widened in the month of March.
The report said the trade deficit widened to $50.0 billion in March from a revised $49.3 billion in February. Economists had expected the deficit to widen to $50.2 billion.
The wider trade deficit came as the value of imports surged up by 1.1 percent to $262.0 billion compared to a 1.0 percent jump in the value of exports to $212.0 billion.
