U.S. trade deficit climbs 6.8% in November

[mahatmakanejeeves]

Source: MarketWatch

U.S. trade deficit climbs 6.8% in November

Published: Jan 6, 2017 8:49 a.m. ET

Imports led by oil hit highest level in a year and a half

By Jeffry Bartash
Reporter

@jbartash
https://twitter.com/jbartash

WASHINGTON (MarketWatch) The U.S. trade deficit rose almost 7% in November as imports hit the highest level in nearly a year and a half, largely because of a gush of foreign oil.

The nations trade gap climbed to $45.2 billion from a revised $42.4 billion in October, the government said Friday. Economists polled by MarketWatch had forecast a $45.9 billion deficit. ... Imports increased 1.1% to $231.1 billion in November, marking the highest level since August 2015.

Oil imports surged by more than $1 billion to $14.3 billion, reflecting an increase in prices as well as more supply. Imports from Canada, one of the biggest suppliers of oil to the U.S., crested to a 15-month high.

U.S. exports slipped 0.2% to $185.8 billion, mainly owing to a big drop in shipments of large commercial aircraft produced by Boeing.

Read more: http://www.marketwatch.com/story/us-trade-deficit-climbs-68-in-november-2017-01-06

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Edited because I used the wrong line for the title. Sheesh.

[Dustlawyer]

1. Trump's and Republican's fault!