Robust domestic demand lifts US trade deficit to record high ...Qatar

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Robust domestic demand lifts US trade deficit to record high
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The US trade deficit jumped to a record high in March amid roaring domestic demand, which is drawing in imports, and the gap could widen further as the nation’s economic activity rebounds faster than its global rivals. Manufacturers lack the capacity to satisfy the surge in demand because of resource constraints and bottlenecks in the supply chain. Inventories are very lean. Demand is being driven by a rapidly improving public health situation and massive government aid to households and businesses to cushion the blow from the Covid-19 pandemic. “The widening of the trade gap will likely be a persistent feature of the economy this year as domestic demand outstrips the US economy’s productiv

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