U.S. Trade Deficit Rebounds Sharply After October’s 2009-Low Surprise

2026-01-29 - 18:21

Key Points The U.S. trade deficit widened to $56.8 billion in November 2025, up from a revised $29.2 billion in October. Imports surged on pharmaceuticals and tech-heavy capital goods, while exports fell on metals, oil, and drugs. Big bilateral gaps with Mexico and Asia persisted, while the U.S. ran a goods surplus with Brazil. The