December 27, 2024 at 01:41PM
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.
US Advanced goods trade balance for November -$102.86B vs -$100.6B estimate