US trade deficit nearly doubles to $56.8B in November as imports jump 5%

The US trade deficit jumped 94. 6% in November to $56. 8 billion, nearly doubling from the previous month and marking the biggest monthly spike since 1992, according to the Commerce Department. The shortfall blew past every economist’s estimate in Bloomberg’s survey. This sudden surge ended a streak of improvement, where October had shown the smallest deficit […] source: https://www.cryptopolitan.com/us-trade-deficit-nearly-doubles-to-56-8b/