Industry

U.S. November trade deficit jumps to $68.1 billion

The U.S. trade deficit jumped to $68.1 billion in November as a surge in imports overwhelmed a smaller rise in exports.

The November gap between what America buys from and sells abroad rose by 8% from the October deficit of $63.1 billion, the Commerce Department said. Through the first 11 months of 2020, the deficit stands at $604.8 billion, 13.9% higher than the same period in 2019. President Donald Trump has insisted his get-tough trade policies with the rest of the world would shrink the deficit.

This article is closed for comments.
Please Email the Editor

Printable version | Jan 28, 2021 5:34:10 AM | https://www.thehindu.com/business/Industry/us-november-trade-deficit-jumps-to-681-billion/article33522996.ece

Next Story