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US Trade Gap Widens From Smallest Since 2009 as Imports Rise
['Mark Niquette']
Transport Topics
The U.S. trade deficit widened in November from the lowest level since 2009 as imports rebounded and exports fell, highlighting wide monthly swings in response to the Trump administration’s vacillating tariffs.
The goods and services trade gap nearly doubled from the prior month to $56.8 billion, Commerce Department data showed Jan. 29.
The trade data has been prone to volatility related to the implementation of U.S. trade policy.
That was the case again in November, with a surge in inbound shipments of pharmaceuticals and a slide in gold exports.
Despite the widening in November, the trade deficit remains generally smaller than in recent years.