US trade deficit widens sharply, reversing big pullback lauded by Trump
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In November, the US trade deficit sharply increased to $56.8 billion, according to Commerce Department data released on Thursday. This reverses a significant decrease in the prior month that President Trump had attributed to his tariffs. The trade gap widened by 94.6 percent due to a rise in imports, which increased by 5.0 percent to $348.9 billion, and a decrease in exports, which slipped 3.6 percent to $292.1 billion. The shift was influenced by fluctuations in goods like gold and pharmaceuticals. The November deficit was larger than analysts had predicted, nearing levels seen in June and August of the previous year.
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