US Trade Deficit Surges 94.6% in November Amid Tariff Uncertainty
The US trade deficit unexpectedly ballooned to $56.8 billion in November, marking a 94.6% monthly increase that shattered economists' forecasts. This abrupt reversal followed October's decade-low deficit, with the swing attributed to a 5% import surge and 3.6% export decline.
Pharmaceuticals, semiconductors, and computer imports led the charge while gold exports collapsed—a combination that delivered a one-two punch to trade balances. Unadjusted for inflation, the actual volume disruption may be even more severe than headline figures suggest.
Market participants appear to be front-running potential tariff changes, with global traders accelerating or delaying shipments based on White House policy signals. The volatility mirrors patterns seen during previous TRUMP administration trade skirmishes.
