A New Record High Trade Deficit in Goods
Advance Trade Deficit in Goods
The Commerce Department Advance Report shows the trade deficit widened by 5.5% in November.
- The international trade deficit was $84.8 billion in November, up $4.4 billion from $80.4 billion in October.
- Exports of goods for November were $127.2 billion, $1.1 billion more than October exports.
- Imports of goods for November were $212.0 billion, $5.5 billion more than October imports.
Series Record High
Trade deficits normally shrink in recessions but not this time. $84.8 billion, if it holds, would be a new record.
The Advance Report only covers goods. The US runs a surplus in services so the combined net will be lower.
For discussion and the latest charts on the combined deficits, please see Not Even Recession Helped the US Trade Deficit.
An Amazing Deal
Using Tariffs to Pay Down Debt
So much silliness, but millions believed and still do.
Balance of Trade vs Gold Window
That's the real issue and tariffs can't possibly fix the problem. For discussion, please see Trump Does Not Understand Trade, Jo Jorgensen Does.