The US trade deficit widened significantly in November, driven by a record-breaking surge in imports. According to Commerce Department data, the gap between exports and imports grew 6.2% year-over-year to $78.2 billion. This represents the largest increase in imports since March 2022.
Imports rose 3.4% in November, reaching $11.6 billion more than the previous month. The surge was largely attributed to companies accelerating shipments ahead of a possible dockworkers’ strike and anticipation of potential tariffs by the Trump administration.
Source: https://www.bloomberg.com/news/articles/2025-01-07/us-trade-deficit-widens-on-largest-jump-in-imports-since-2022