The U.S. trade deficit widened in November from its lowest level since 2009 as imports rebounded and exports fell, highlighting wide-ranging monthly swings in response to the Trump administration’s fluctuating tariffs.
The deficit in trade in goods and services nearly doubled from the previous month to $56.8 billion, Commerce Department data showed on Thursday. The median estimate in a Bloomberg survey of economists was a deficit of $44 billion.
Imports increased by 5%, reflecting increased supplies of pharmaceuticals and capital goods. The value of all U.S. exports of goods and services fell 3.6% in November. The data are not adjusted for inflation.
