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U.S. Posts Record Goods-Trade Gap Ahead of Holiday Season

  • Consumer goods imports increased to a record in November
  • Overall inbound shipments reach highest since May 2019
Updated on

The U.S. merchandise-trade deficit widened to an all-time high in November as American companies imported a record value of consumer goods.

The shortfall grew to $84.8 billion last month from $80.4 billion in October, according to Commerce Department data released Wednesday. The median estimate by economists in a Bloomberg survey was for a $81.5 billion deficit.