Summary

The U.S. trade deficit nearly doubled in November, reaching $56.8 billion, a 94.6% increase from October. This surge, driven by a significant rise in the deficit with the European Union, counters efforts to reduce trade imbalances through tariffs.

https://www.cnbc.com/2026/01/29/trade-balance-soared-94percent-in-november-and-was-higher-than-a-year-ago-despite-tariff-efforts.html