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U.S. trade deficit spiked 95% in November 2025 due to rising imports and falling exports, reversing earlier gains.
The U.S. trade deficit in goods and services surged to $56.8 billion in November 2025, a 95% increase from October, driven by a 5% rise in imports to $348.9 billion—led by pharmaceuticals, capital goods, and semiconductors—while exports fell 3.6% to $292.1 billion.
The jump reversed a previously reported decline that President Trump had cited as evidence of tariff success.
Economists attribute the volatility to tariff-driven trade shifts, temporary factors like gold demand, and strong AI-related investment.
The deficit remains 4.1% higher year-to-date, and the data may reduce fourth-quarter GDP growth forecasts.
The Supreme Court is expected to rule soon on the legality of Trump’s broad tariff authority.
El déficit comercial de los Estados Unidos aumentó un 95% en noviembre de 2025 debido al aumento de las importaciones y la caída de las exportaciones, revirtiendo los avances anteriores.