US Trade Deficit Widens Despite Trump’s Tariffs
The monthly trade deficit and imports rebounded in November after shrinking significantly in prior months, new data show.
The U.S. trade deficit in goods and services rebounded to $56.8 billion in November, rising 95 percent from the previous month as President Trump’s tariffs continued to cause huge fluctuations in trade, according to data from the Commerce Department released on Thursday.
Exports fell 3.6 percent in the month, to $292.1 billion, led by declining outbound shipments of gold, pharmaceuticals, consumer goods and crude oil. Imports rose 5 percent in November, to $348.9 billion, as Americans bought foreign pharmaceuticals as well as equipment to fill...
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