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U.S. Trade Deficit Grows

America’s trade deficit got worse toward the end of last year. The goods and services…

  • January 22, 2018

America’s trade deficit got worse toward the end of last year.

The goods and services deficit was $50.5 billion in November, up $1.6 billion from $48.9 billion in October, revised, the government is reporting.

November exports were $200.2 billion, $4.4 billion more than October exports. November imports were $250.7 billion, $6.0 billion more than October imports.

The November increase in the goods and services deficit reflected an increase in the goods deficit of $1.7 billion to $70.9 billion and an increase in the services surplus of $0.1 billion to $20.4 billion.

Year-to-date, the goods and services deficit increased $53.4 billion, or 11.6 percent, from the same period in 2016. Exports increased $112.7 billion or 5.6 percent. Imports increased $166.1 billion or 6.7 percent.

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