- Prior month -99.08B
- Goods trade deficit -102.86B vs -$100.6B estimate
- Exports: Rose to $176.4 billion in November, $7.4 billion higher than October.
- Imports: Increased to $279.2 billion in November, $12.0 billion higher than October.
A few months ago, the deficit increased due to port strikes coming into the Christmas season. The move higher this month, may have been influenced by the expected Trump tariffs.
Pres. Elect Trump will be focused on bringing more manufacturing back to the US with the carrot of lower taxes if goods are manufactured in the US.
This article was written by Greg Michalowski at www.forexlive.com.
