US Trade Deficit Now Biggest Since 2012

US Trade Deficit Now Biggest Since 2012
US Trade Deficit Now Biggest Since 2012
US Trade Deficit Now Biggest Since 2012 USA TODAY

The U.S. trade deficit rose to $50.5 billion in November, the largest imbalance in nearly six years, as imports and exports both hit records.

In US trade deficit hits $50.5 billion, biggest since 2012 by Martin Crutsinger of The Associated Press appearing today on USA TODAY website

The November deficit was 3.2% higher than October's $48.9 billion imbalance, the Commerce Department reported Friday. U.S. exports of goods and services were up 2.3% to an all-time high of $200.2 billion. Imports rose an even faster 2.5% to a record $250.7 billion.

A rising trade deficit, which reduces economic growth, means that the United States is buying more goods and services from other countries than it is selling them. President Donald Trump views America's massive trade deficits as a sign of economic weakness. He blames them on bad trade deals and abusive practices by China and other trade partners.

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