US Trade Deficit Widens on Largest Jump in Imports Since 2022
- Goods, services gap widened 6.2% in November to $78.2 billion
- Total imports rose 3.4%, or $11.6 billion, in broad advance
The figures follow an October downshift in demand for foreign merchandise.
Photographer: Mayolo Lopez Gutierrez/BloombergThis article is for subscribers only.
The US trade deficit widened in November, reflecting the biggest jump in imports since March 2022 as companies accelerated shipments ahead of a possible dockworkers’ strike and in anticipation of potential tariffs by the Trump administration.
The gap in goods and services trade grew 6.2% from the prior month to $78.2 billion, Commerce Department data showed Tuesday. The figure was in line with the median projection of economists in a Bloomberg survey.