Imports exceeded exports by $ 97.8 billion.
(Photo: dpa)
Washington The notorious US deficit in goods trade reached a record high in November. Imports exceeded exports by $ 97.8 billion, the Commerce Department announced in Washington on Wednesday. That is 17.5 percent more than in the previous month. The previous record deficit of 97 billion dollars, which was only marked in September, has thus been exceeded.
The reason for the development is that goods imports rose very strongly by 4.7 percent due to the good domestic economy. In contrast, US exports grew by 2.1 percent, less than half as much.
Former US President Donald Trump has repeatedly interpreted the traditionally high deficit as a sign that his country is being ripped off by other states – and therefore instigated trade conflicts, for example with China.
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