The U.S. trade deficit surged to unprecedented levels in March as businesses accelerated imports ahead of sweeping new tariffs, contributing to a contraction in first-quarter GDP for the first time since 2019. Analysts attribute the economic slowdown to falling consumer confidence and pre-tariff stockpiling, underscoring the complexities of global trade dynamics.
CGTN's analysis highlights how these developments could reverberate across Asian economies, with export-driven sectors in the region closely monitoring shifts in U.S. policy. Business leaders and investors are advised to track supply chain adaptations and potential market volatility as trade patterns evolve.
