US Trade Deficit Nearly Doubles in November as Imports Surge, Exports Fall

• The US trade deficit expanded significantly in November, nearly doubling to $56.8 billion from the previous month.
• This widening follows the smallest trade gap since 2009, driven by a rebound in imports and a decline in exports.
• Imports increased by 5%, boosted by pharmaceuticals, capital goods like computers and semiconductors, while overall exports fell 3.6%.
• The volatility in trade data is linked to the Trump administration's tariff policies, causing swings in specific goods.
• Despite the November widening, the trade deficit remains generally smaller than in recent years, aligning with a key Trump administration priority.

Why It Matters: US trade deficit widened sharply in November due to rising imports and falling exports, influenced by tariff policies.