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Economic Report: U.S. trade deficit with Mexico in goods highest since 2007

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The U.S. trade deficit barely budged in March at $43.7 billion, but gaps with Japan and Mexico were the highest in almost a decade.

WASHINGTON (MarketWatch) — U.S. trade deficits in goods with Mexico and Japan hit the highest levels in March in almost a decade, though the nation’s trade gap overall was virtually unchanged.

The deficit dipped 0.1% to $43.7 billion in March to reach a five-month low, the Commerce Department said Thursday. Economists polled by MarketWatch had forecast a $44.5 billion gap.

Exports slid 0.9% to $191 billion, largely reflecting fewer shipments of pharmaceutical drugs and American-made cars.

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