The U.S. trade deficit surged 14% to a record $140.5 billion in March

Imports hit an all-time high of $419 billion , with goods imports soaring 5.4% to $346.8 billion .

The spike followed President Trump ’s tariff hikes, including a 145% duty on Chinese goods.

This import surge dragged first-quarter GDP into negative territory for the first time in three years .