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Posted on 01/29/2026 10:20:07 AM PST by lasereye
The U.S. deficit with its global trading partners nearly doubled in November as the shortfall with the European Union swelled and the impact of President Donald Trump’s tariffs worked their way through the economy, the Census Bureau reported Thursday.
Following a month where the trade deficit hit its lowest level since early 2009, it shot up to $56.8 billion, an increase of 94.6% from October. Of that gain, about one-third came with the European Union, where the goods deficit rose by $8.2 billion. The goods deficit with China decreased by about $1 billion to $13.9 billion.
On a year-over-year basis, the deficit through November stood at $839.5 billion, or about 4% higher than the same period in 2024.
The increase in the deficit counters Trump’s efforts to use tariffs to reduce imbalances around the globe. When announcing so-called reciprocal tariffs in April 2025, the White House used the level of trade deficits with varying countries as a baseline for determining the duties.
As the year went by, Trump softened his stance. A framework agreement between the U.S. and the EU in August put the tariff rate at 15% on most European goods and sought to stabilize relations between the two sides.
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It takes time to bring jobs back to the USA.
what they seem to go out of their way not to tell you is in November, 2024, the trade deficit was $78.2 billion or $22 billion/40% higher than year over year...
https://www.bea.gov/news/2025/us-international-trade-goods-and-services-november-2024
When I was a boy, the town I live in made fishing lures.
Are you lures made in. China now?
Venezuelan cruds.
Trump needs to get serious about tariffs if he wants to use them to counter this ballooning trade deficit. He’s using tariffs for the wrong reasons.
They also failed to mention that November was the lowest trade deficit in the past 24 years.
You’re close. I saw some that were made in Malaysia.
What was your favorite lure?
Reshoring will take time - 3 years for simple new plants and five years or more for more sophisticated/complex ones, and meanwhile trade deficits and inflation will be “sticky”. Trump himself may not see the real impact of his tariff efforts as far as “bringing production home”. But voters look for faster results.
Here’s the real problem.
None of what Trump is doing on tariffs and trade is codified into law by Congress because Trump is running the project by Executive fiat, which can lead to very easy reversals of those actions by any President that follows. That issue is why tariffs so often have been set by legislation directly and/or legislation approving trade agreements as treaties. This point is about law, not a pro or con statement on any of the individual tariffs themselves.
50 years of off shoring and globalism takes time to correct. We could shoot free traitors but that wouldn’t be nice.
Now it makes welfare queens and adicts.
I recall Mepps lures always coming from France but supposedly the ones destined for the US market are now made in Wisconsin.
If the US trade deficit is large, but the shift of manufacturing from overseas to the US is larger, then the trade deficit is a problem of success.
The score card on tariffs and global trade is out. Over a year and no articulate explanation of tariffs or trade policy. No articulate analysis in Jan 2026.
All we have is cheer leaders chanting for their side.
And cherry picking that pretends to be analytics.
“None of what Trump is doing on tariffs and trade is codified into law by Congress because Trump is running the project by Executive fiat, which can lead to very easy reversals of those actions by any President that follows. That issue is why tariffs so often have been set by legislation directly and/or legislation approving trade agreements as treaties. This point is about law, not a pro or con statement on any of the individual tariffs themselves.”
There’s a lawsuit in front of the Supremes challenging the constitutionality of Trump’s use of tariffs. I looked it up and the Supremes haven’t decided it yet. The suit is backed by a multimillionaire businessman who makes his money mostly in China. They haven’t decided the case yet. If they declare the tariffs violate the constitution, then the economy will have to pay back billions in Trump tariffs. It will be a huge hit against America. During testimony the court’s more-or-less conservatives sounded like they are leaning against Trump. Very scarry.
I wonder if the increase is because the pre-tariff increased buys that a lot of places did to try to limit 2025 impact by building inventory are finally wearing off.
A tiny spinner bait, like a Beetle Spin.
The Trump will be forced to do Quotas...the same thing Reagan did with Japanese motorcycles and cars. Tarriffs means the goods still go through, quotas limit how many can go through.
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