US Trade Deficit Widens with Record Imports

Domestic goods imports rising to all-time high in November, with subtle decline in total goods exports

A cargo ship awaits the offloading of shipping containers in the Port of Los Angeles on Oct. 27, 2021. John Fredricks/The Epoch Times

The U.S. trade deficit expanded drastically in November, driven by a record surge in imports of foreign goods, according to new data from the U.S. Bureau of Economic Analysis in collaboration with the U.S. Census Bureau.

The government findings indicate that the trade deficit jumped to $80.2 billion in the penultimate month of 2021, constituting a 19.4 percent rise in the total trade gap.