Commentary The U.S. trade deficit hit an all-time high in March, reaching $74.4 billion, as Americans spent their stimulus checks on foreign-made goods but were limited in their ability to spend their money on nearby entertainment options such as restaurants, bars, amusement parks and sporting venues, many of which were still closed in March. The trade deficit measures the difference between the value of non-U.S. made goods and services purchased by Americans (imports), less the value of U.S.-made goods and services purchased in other countries (exports). Though many bemoan the country’s apparent inability to compete sufficiently to close its trade gap with the rest of the world, a large amount of imports from East Asia is creating record-high throughput at the Port of Los Angeles. “As more Americans get vaccinated, businesses reopen and the economy strengthens, consumers continue to purchase goods at a dizzying pace,” Port of Los Angeles executive …