Key PointsThe U.S. trade deficit widened to $56.8 billion in November 2025, up from a revised $29.2 billion in October. Big bilateral gaps with Mexico and Asia persisted, while the U.S. ran a goods surplus with Brazil. The overall deficit in goods and services rose to $56.8 billion. Goods imports rose to $272.5 billion, led by consumer and capital goods. Services exports edged up to $106.4 billion, and the services surplus widened to $30.1 billion.