The November figure represents a sharp rebound from October’s unusually low deficit—the smallest since June 2009—which was driven by temporary swings in gold and pharmaceutical trade. Imports rose 5 percent to $348.9 billion in November, led by a $7.4 billion increase in capital goods. Computer imports jumped $6.6 billion, while semiconductor imports rose $2.0 billion. Year-to-date through November, the goods and services deficit increased $32.9 billion, or 4.1 percent, from the same period in 2024. The EU deficit increased $8.2 billion from October as exports fell $0.4 billion and imports rose $7.7 billion.