U.S. Trade Deficit Balloons to Widest in Almost Six Years

By: Curtis Wayne   1/7/2018

The U.S. trade deficit in November reached the highest level in almost six years as imports exceeded exports.

Imports of capital goods climbed to a record $56.5 billion, while the dollar continued to weaken.

The weakening dollar should be having just the opposite effect.  Exports should be increasing because a weak dollar makes US goods cheaper. 

It seems like the US economy is weakening, but the US consumers think the economy is strengthening and therefore they are spend more money on imported goods.

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