fair.png
Friday July 30th, 2021 6:43PM

US trade deficit jumps to $68.1 billion in November

By The Associated Press
Related Articles
  Contact Editor

WASHINGTON (AP) — The U.S. trade deficit jumped to $68.1 billion in November as a surge in imports overwhelmed a smaller increase in exports.

The November gap between what America buys from abroad compared to what it sells abroad rose by 8% from the October deficit of $63.1 billion, the Commerce Department said Thursday.

Through the first 11 months of 2020, the deficit stands at $604.8 billion, 13.9% higher than the same period in 2019. President Donald Trump has insisted that his get-tough trade policies with the rest of the world would shrink the deficit and bring back American jobs.

  • Associated Categories: Associated Press (AP), AP Business, AP Business - Economy
© Copyright 2021 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Insurrection marks moment of reckoning for Republicans
The insurrection at the U.S. Capitol offers a new, and perhaps final, moment of reckoning for a Republican Party that's spent much of the past two months encouraging President Donald Trump’s false claims that the November election was stolen
8:53AM ( 24 minutes ago )
US trade deficit jumps to $68.1 billion in November
The U.S. trade deficit jumped to $68.1 billion in November as a surge in imports overwhelmed a smaller increase in exports
8:50AM ( 28 minutes ago )
Chaos, violence, mockery as pro-Trump mob occupies Congress
There is a heavy police presence at the Capitol a day after a violent mob stormed the Capitol as lawmakers were meeting to confirm Joe Biden's presidential win
8:45AM ( 32 minutes ago )
Associated Press (AP)
The Latest: South Africa buys 1.5 million doses of vaccine
South Africa says it will import 1.5 million doses of the AstraZeneca vaccine to inoculate the country’s health workers
8:29AM ( 48 minutes ago )
Lebanon begins new lockdown amid surge in coronavirus cases
Lebanon has begun a 25-day nationwide lockdown to limit the spread of the coronavirus as infections hit a record in the tiny Mediterranean nation and patients overwhelm the health care sector
7:13AM ( 2 hours ago )
World shares up on stimulus hopes as Congress OKs Biden win
Global shares have risen after Congress certified Democrat Joe Biden's Electoral College victory following unprecedented chaos when supporters of President Donald Trump ran rampant through the U.S. Capitol
7:05AM ( 2 hours ago )
AP Business
Asian shares track Wall St rally on hopes for stimulus
Shares have risen in Asia after Wall Street rallied on expectations of more stimulus for the economy despite chaotic scenes in Washington when Trump supporters stormed the U.S. Capitol
3:09AM ( 6 hours ago )
Kim vows to bolster North Korea's military at party meeting
North Korea leader Kim Jong Un has vowed to strengthen the country’s military defenses in a speech at a major ruling party meeting that provides insights into his priorities amid growing economic challenges and a U.S. presidential transition
9:17PM ( 12 hours ago )
Fed supported advance notice before changing bond purchases
Federal Reserve officials last month supported providing advance notice before the central bank makes changes to its $120 billion in monthly bond purchases
5:01PM ( 16 hours ago )
AP Business - Economy
Insurrection marks moment of reckoning for Republicans
The insurrection at the U.S. Capitol offers a new, and perhaps final, moment of reckoning for a Republican Party that's spent much of the past two months encouraging President Donald Trump’s false claims that the November election was stolen
8:53AM ( 24 minutes ago )
Chaos, violence, mockery as pro-Trump mob occupies Congress
There is a heavy police presence at the Capitol a day after a violent mob stormed the Capitol as lawmakers were meeting to confirm Joe Biden's presidential win
8:45AM ( 32 minutes ago )
The Latest: Mulvaney says he's quitting after Capitol riot
President Donald Trump’s former acting White House chief of staff resigned his post as special envoy to Northern Ireland on Thursday, saying “I can’t do it
8:40AM ( 37 minutes ago )
US unemployment claims slip to still-high 787,000
The number of Americans seeking unemployment aid fell slightly to 787,000, evidence of a job market stumbling in the face of the viral pandemic and the damage it has inflicted on the economy for nearly 10 months
8:40AM ( 37 minutes ago )
World reaction to the storming of the US Capitol
World leaders are condemning the storming of the U.S. Capitol by supporters of President Donald Trump
8:34AM ( 43 minutes ago )