U.S. goods and services trade deficit widened to $60.3 billion in March, a 4.4% month‑over‑month rise, Commerce data showed Tuesday. Exports climbed 2% to $320.9 billion, while imports rose 2.3% to $381.2 billion, widening the gap between inbound and outbound flows. The surge reflects strong demand for consumer electronics and pharmaceuticals.

The court’s Feb. 20 decision found the president had overstepped emergency authority, forcing removal of the double‑digit, country‑specific duties. In response, the administration imposed a uniform 10% levy under Section 122, set to lapse in July unless Congress renews it. Both investigations could trigger new duties, adding uncertainty for exporters. Simultaneously, two Section 301 investigations launched target forced‑labor imports and alleged excess capacity in 16 major trading partners.

Higher import volumes, especially in high‑priced chips and weight‑loss drugs, kept the deficit near record levels despite export gains. Industry groups from sugar to tech are slated to testify before lawmakers this week, signaling pressure on the pending tariff extensions. Companies may adjust supply chains to mitigate cost pressures as policymakers debate renewals.