(RTTNews) - With imports increasing by modestly more than exports, the Commerce Department released a report on Tuesday showing the U.S. trade deficit widened roughly in line with economist estimates in the month of March.
The Commerce Department said the trade deficit grew to $60.3 billion in March from a revised $57.8 billion in February.
Economists had expected the trade deficit to increase to $60.4 billion from the $57.3 billion originally reported for the previous month.
The wider trade deficit came as the value of imports surged by 2.3 percent to $381.2 billion, while the value of exports jumped by 2.0 percent to $320.9 billion.
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