\n<\/p>\n
A boat moves past a cargo ship with containers at a terminal of the Yantian port in Shenzhen, Guangdong province, China October 30, 2025. <\/p>\n
Tingshu Wang | Reuters<\/p>\n<\/div>\n<\/div>\n<\/div>\n
The U.S. deficit with its global trading partners nearly doubled in November as the shortfall with the European Union swelled and the impact of President Donald Trump<\/a>\u2018s tariffs weaned their way through the economy, the Census Bureau reported Thursday.<\/p>\n Following a month where the trade deficit<\/a> hit its lowest level since early 2009, it shot up to $56.8 billion, an increase of 94.6% from October. Of that gain, about one-third came with the European Union, where the goods deficit rose by $8.2 billion. The goods deficit with China decreased by about $1 billion to $13.9 billion.<\/p>\n On a year-over-year basis, the deficit through November stood at $839.5 billion, or about 4% higher than the same period in 2024.<\/p>\n The increase in the deficit counters Trump\u2019s efforts to use tariffs to reduce imbalances around the globe. When announcing so-called reciprocal tariffs in April 2025, the White House used the level of trade deficits with varying countries as a baseline for determining the duties.<\/p>\n As the year went by, Trump softened his stance. A framework agreement between the U.S. and the EU in August put the tariff rate at 15% on most European goods and sought to stabilize relations between the two sides.<\/p>\n<\/div>\n<\/div>\n\n
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