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US trade gap widens in March as AI spending boosts imports

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The US trade gap rose 4.4 percent to $60.3 billion in March, government data shows

The US trade gap rose 4.4 percent to $60.3 billion in March, government data shows

The US trade deficit grew slightly less than expected in March, government data showed Tuesday, as spending linked to the artificial intelligence buildout boosted imports.

But US exports of crude oil and petroleum products also jumped after war in the Middle East began on February 28 with US-Israeli strikes on Iran. This could narrow the gap in the following month, analysts said.

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Southeast Asia's AirAsia signed a $19 billion deal to buy 150 Canadian-made Airbus A220-300 jets, the two companies said, with the low-cost carrier adding Thursday that it could double the order to meet future demand.

Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.

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