November trade deficit hits near record-high $80.2 billion

  • In this April 9, 2021 photo, cargo containers are shown stacked near cranes at PortMiami in Miami. The U.S. trade deficit narrowed to $67.1 billion in October, after hitting a record high the previous month, as a big rebound in exports helped to offset a much smaller rise in imports. The October deficit was 17.6% below the September record of $81.4 billion, the Commerce Department reported Tuesday, Dec. 7, 2021. (AP Photo/Wilfredo Lee, file)

WASHINGTON — The U.S. trade deficit surged to a near-record high of $80.2 billion in November as exports slowed at the same time that imports jumped sharply.