The U.S. trade deficit shrank by half from March 2025 to March 2026 but widened from February to March 2026 as imports grew faster than exports. The episode examines what’s driving those trade numbers beyond tariffs, along with a 30‑year Treasury yield topping 5%, a forecast for slower home remodeling in 2027, and a visit to a job fair in Philadelphia.
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Highlights
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Trade deficit: deep yearly drop but recent monthly widening
From March 2025 to March 2026 the U.S. trade deficit halved, but from February to March 2026 it widened as imports rose more than exports.