US trade deficit widens sharply in November

The US trade deficit in goods and services widened sharply in November, driven by a decline in exports and an increase in imports, according to data released on Thursday by the US Department of Commerce.

This shows rising volatility in the US trade balance in recent months. After narrowing to its lowest level in five years last September, the deficit has rebounded at a rapid pace in November due to fluctuating trade policies of the US administration.