WASHINGTON (Dec 6): The U.S. trade deficit widened more than forecast in October to the highest in a decade, underscoring continued fallout from the trade dispute with China. The goods trade gap with China widened to a record.
The gap increased 1.7% to US$55.5 billion, from a revised US$54.6 billion in the prior month, Commerce Department data showed Thursday. The median estimate of economists surveyed by Bloomberg called for a deficit of US$55 billion. Imports of all goods and services rose to a record, while exports were little changed.