US Trade Deficit Nearly Doubles in November Amid Surging Imports, Sliding Exports
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CNBC TV18•29-01-2026, 23:28
US Trade Deficit Nearly Doubles in November Amid Surging Imports, Sliding Exports
- •The US trade deficit nearly doubled in November to $56.8 billion, marking the largest widening since 1992.
- •Imports surged by 5%, driven by pharmaceuticals, capital goods like computers and semiconductors, while exports fell 3.6%.
- •The volatility in trade data is linked to the Trump administration's tariff policies, causing swings in non-monetary gold and pharmaceutical trade.
- •Despite the November widening, the overall trade deficit remains smaller than in recent years, a key goal for the Trump administration.
- •Economists are using the data to refine Q4 GDP estimates, with net exports now expected to add 0.65 percentage points to growth.
Why It Matters: US trade deficit significantly widened in November due to increased imports and decreased exports, influenced by tariff policies.
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