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        <title><![CDATA[US trade gap surges to $44.4 billion as coronavirus savages business]]></title>
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            <media:title type="html">US trade gap surges to $44.4 billion as coronavirus savages business</media:title>
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        <content:encoded><![CDATA[<p>The US trade deficit rose in March as the coronavirus outbreak battered America’s trade with the world.</p><p>The Commerce Department reported Tuesday that the gap between what the US sells and what it buys abroad widened 11.6 percent in March, to $44.4 billion, from $39.8 billion in February. US exports fell 9.6 percent, to $187.7 billion, on <strong>plunging orders for cars</strong>, auto parts and industrial machines. Imports fell 6.2 percent, to $232.2 billion.</p><p>Total trade — exports plus imports — came in at $419.9 billion in March, down 7.8 percent from February and 11.4 percent from March 2019.</p><p>The politically sensitive deficit in the <strong>trade of goods with China</strong> fell 21.3 percent, to $15.5 billion, in March as exports rose slightly and imports plummeted.</p><p>The coronavirus and the lockdowns and <strong>travel restrictions</strong> meant to contain it have hammered the world economy and paralyzed global trade.</p><p>In March, the US ran a $21.2 billion surplus in the trade of services such as tourism and banking. But it registered a $65.6 billion deficit in the trade of goods such as cars and appliances.</p>]]></content:encoded>
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