--- title: "The U.S. trade deficit in November surged 94% month-on-month, with a significant expansion of the deficit with the European Union" description: "In November, the U.S. trade deficit soared by 94.6% month-on-month to $56.8 billion, primarily due to a significant increase in the deficit with the European Union, which rose by $8.2 billion. Althoug" type: "news" locale: "en" url: "https://longbridge.com/en/news/274200030.md" published_at: "2026-01-29T20:52:51.000Z" --- # The U.S. trade deficit in November surged 94% month-on-month, with a significant expansion of the deficit with the European Union > In November, the U.S. trade deficit soared by 94.6% month-on-month to $56.8 billion, primarily due to a significant increase in the deficit with the European Union, which rose by $8.2 billion. Although the trade deficit had previously fallen to its lowest level since 2009, the impact of Trump's tariff policy is gradually becoming apparent. The cumulative trade deficit for the year reached $839.5 billion, an increase of approximately 4% year-on-year. The White House had previously set tariff rates based on the level of the trade deficit, and recently, the U.S. and Europe reached an agreement to set tariffs on most European goods at 15% **Data released by the U.S. Census Bureau on Thursday showed that the trade deficit between the U.S. and its global trading partners nearly doubled in November. The significant widening of the deficit with the European Union, along with the gradual impact of President Trump's tariff policies on the economy, has led to a notable increase in the U.S. trade deficit.** **In the previous month, the trade deficit had fallen to its lowest level since early 2009, but it quickly surged to $56.8 billion in November, an increase of 94.6% from October.** About one-third of the increase came from the European Union, where the U.S. goods trade deficit rose by $8.2 billion. Year-on-year, as of November, the U.S. cumulative trade deficit for the year reached $839.5 billion, approximately 4% higher than the same period in 2024. The widening trade deficit contrasts with Trump's efforts to reduce global trade imbalances through tariffs. When the White House announced the so-called "reciprocal tariffs" in April 2025, it used the trade deficit levels between the U.S. and various countries as a benchmark for determining tariff rates. Over time, Trump's stance has softened. In August, the U.S. and Europe reached a framework agreement that set the tariff rate for most European goods at 15% and aimed to stabilize relations between the two sides. Risk Warning and Disclaimer The market has risks, and investment should be cautious. This article does not constitute personal investment advice and does not take into account the specific investment goals, financial situation, or needs of individual users. Users should consider whether any opinions, views, or conclusions in this article are suitable for their specific circumstances. Investment based on this is at their own risk. ### Related Stocks - [VLUE.US - iShares MSCI USA Value Factor ETF](https://longbridge.com/en/quote/VLUE.US.md) - [XLF.US - Financial Select Sector SPDR Fund](https://longbridge.com/en/quote/XLF.US.md) - [USMV.US - iShares MSCI USA Min Vol Factor ETF](https://longbridge.com/en/quote/USMV.US.md) - [UDOW.US - Pro UltrPro Dow30](https://longbridge.com/en/quote/UDOW.US.md) - [.DJUS.US - Dow Jones U.S. Index](https://longbridge.com/en/quote/.DJUS.US.md) - [.IXIC.US - NASDAQ Composite Index](https://longbridge.com/en/quote/.IXIC.US.md) - [.SPX.US - S&P 500](https://longbridge.com/en/quote/.SPX.US.md) - [VFH.US - VG Financial](https://longbridge.com/en/quote/VFH.US.md) - [IAI.US - ISHRS Us Brokers & Sec Exchg](https://longbridge.com/en/quote/IAI.US.md) - [NDAQ.US - Nasdaq](https://longbridge.com/en/quote/NDAQ.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | 公开和沃什 “唱反调”？多位美联储高官称：AI 提升生产力或意味着 “更高的中性利率” | 美联储年内降息空间或进一步收窄，目前期货市场已将首次降息预期推迟至年中之后。 | [Link](https://longbridge.com/en/news/276190662.md) | | “硬件防御” 对冲 AI 焦虑，苹果与纳指相关性创 20 年新低 | AI 浪潮下，苹果因未深度卷入军备竞赛，与纳指相关性创 20 年新低，成为科技股动荡中的 “避风港”。在 AI 投资回报存疑及软件业面临颠覆的焦虑中，苹果凭借不易受冲击的硬件生态逆势突围。尽管存在估值偏高及增长放缓压力，其独特的 “AI 中 | [Link](https://longbridge.com/en/news/276301841.md) | | 贝森特和沃什的 “导师”，德鲁肯米勒 Q4“精准” 开仓金融股 ETF、标普等权重 ETF 和巴西 ETF | 科技股方面，德鲁肯米勒 Q4 清仓了 Meta，加仓了谷歌与 Sea。德鲁肯米勒与贝森特、沃什的 “师徒” 关系让市场推测，“德鲁肯米勒经济学”——即反赤字、反通胀、反关税——可能通过贝森特和沃什渗透至政策制定中。 | [Link](https://longbridge.com/en/news/276214511.md) | | 由于价格居高不下，特朗普将在乔治亚州进行新的经济宣传 | 特朗普将在乔治亚州发表经济演讲，旨在向选民保证他和共和党的降价计划，以迎接中期选举。尽管他之前承诺要降低通货膨胀，但民意调查显示，他在说服美国人相信取得进展方面面临困难，他的经济处理支持率仅为 34%。演讲将重点讨论减税和降低住房成本的计划 | [Link](https://longbridge.com/en/news/276323869.md) | | 美股的 “危险信号” | 本月标普 500 指数成分股在八个交易日内下跌 7% 或以上的股票数量已经超过 100 只，直逼 2022 年美股熊市的水平。 虽然这不像新冠疫情或关税危机期间那样极端，但该指标超过 100 通常意味着更大范围的下滑，而这种情况目前还没有发 | [Link](https://longbridge.com/en/news/276185288.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.