U.S. trade deficit hit $78.2 billion in November, up 6.2%, due to rising imports and exports.

The U.S. trade deficit expanded by 6.2% in November to $78.2 billion, fueled by a 3.4% rise in imports to $351.6 billion, partly due to companies accelerating shipments ahead of potential tariffs and a dockworkers' strike. Exports also increased by 2.7% to $273.4 billion. The trade gap with China remained at $25.4 billion. The deficit reflects broader economic pressures, including a strong dollar and weak overseas economies, challenging efforts to reduce trade imbalances.

January 07, 2025
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