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WASHINGTON, Jan 29 (Reuters) - The U.S. trade deficit widened by the most in nearly 34 years in November amid a surge in capital goods imports, likely driven by an artificial intelligence investment boom,
The trade deficit fell a few months ago to a 16-year low, but it turns out it was fool’s gold. The U.S. is still running a trade gap near historically high levels.
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U.S. Trade Deficit Grew in November
The U.S. trade deficit rebounded in November, the Commerce Department said Thursday, extending a turbulent stretch for international trade flows as the economy responds to the Trump administration’s tariffs and financial volatility.
It’s the smallest trade deficit since June 2009.
Through President Donald Trump's first full 10 months in office, the cumulative U.S. trade deficit in goods and services was down 3.9% from the same period in 2024. His claim that he has "slashed our trade deficit by 77%" appears to compare the monthly trade deficit in January 2025 to the deficit nine months later in October.
A spike in pharmaceutical imports and shifting flows in non-monetary gold underscored how tariff-driven uncertainty is reshaping US trade patterns, even as economists assess the impact of net exports on fourth-quarter growth projections.
By Shivangi Acharya and Jaspreet Kalra NEW DELHI, Feb 11 (Reuters) - India's stated intention to buy $500 billion of U.S. goods over five years under a trade deal is drawing scepticism, with economists warning it could distort commercial procurement and sharply reshape New Delhi's trade balance.
New government data shows the U.S. trade deficit is growing, despite President Donald Trump’s claims it’s being slashed by his tariff agenda. According to the U.S. Census Bureau and the Bureau of Economic Analysis,
The data comes as French farmers have been protesting for months over threats to their wages, driving their tractors to Paris and pelting town halls with manure. They warn of being squeezed between higher input prices — fuel, fertiliser, energy — and retail prices that fail to cover their costs.