The U.S. trade deficit totaled $45.2 billion in November, up 6.8 percent from October as exports declined amid stronger domestic demand for imports.
The U.S. trade deficit totaled $45.2 billion in November, up 6.8 percent from October as exports declined amid stronger domestic demand for imports.
The U.S. imported $231.1 billion in November, a 1.1 percent increase from a month prior, according to the U.S. Department of Commerce. Meanwhile, U.S. exports in November fell 0.2 percent month-over-month to $185.8 billion.
The stronger U.S. dollar has made U.S. products more expensive for foreign markets.
“The dollar, already at 14-year highs, is expected to rise another 6 percent this year in response to diverging monetary policies between the Fed and global central banks,” BMO Capital Markets Senior Economist Sal Guatieri said last Wednesday in the latest North American Outlook report.
U.S. trade deficit grows in November
