Crypto World News reports that in March, the U.S. trade deficit widened, with import growth outpacing exports, indicating strong consumer and business demand. Data released by the U.S. Department of Commerce on Tuesday shows that the trade deficit for goods and services increased by 4.4% month-over-month to $60.3 billion, compared to the median market expectation of $61 billion. Imports grew by 2.3%, mainly reflecting increases in automobile and consumer goods imports. Additionally, due to the rapid development of artificial intelligence boosting demand for foreign-made computer equipment, imports of capital goods also increased. Exports in March rose by 2% from the previous month, thanks to increased shipments of oil and other petroleum products. The March data marked the highest quarterly decline in net exports' contribution to GDP in nearly a year.