The US trade deficit widened to its largest level in nearly 34 years last November amid a surge in imports. This record gap between exports and imports points to significant structural changes in the US economy. The main reason was increased consumption by American households, leading to higher purchases of foreign goods. Experts note that this situation could put pressure on the national currency and influence the monetary policy of the Federal Reserve System.
Record US Trade Deficit
The US trade deficit widened to its largest level in nearly 34 years last November amid a surge in imports.