The data released by the U.S. Department of Commerce on Thursday showed that the U.S. trade deficit widened significantly in November from a low point in October 2009, highlighting the sharp fluctuations in monthly trade data against the backdrop of repeated adjustments to the Trump administration's tariff policies. The trade deficit for goods and services nearly doubled to $56.8 billion month-on-month, significantly higher than the median forecast of $44 billion by economists surveyed by Bloomberg. Imports increased by 5% month-on-month, mainly driven by a recovery in the import of pharmaceutical preparations and capital goods; exports declined by 3.6%. The above data was not adjusted for inflation, indicating that U.S. foreign trade flows are sensitive to policy signals and have become more volatile under the uncertainty of tariffs.
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