The US trade deficit widened in November from the lowest level since 2009 as imports rebounded and exports fell, highlighting wide monthly swings in response to the Trump administration’s vacillations on tariffs.

The US trade deficit unexpectedly narrowed in October to the smallest since 2009 on a sharp pullback in imports, notably pharmaceuticals.

A spike in pharmaceutical imports and shifting flows in non-monetary gold underscored how tariff-driven uncertainty is reshaping US trade patterns, even as economists assess the impact of net exports on fourth-quarter growth projections.

India remained among the United States’ key trading partners in November as the US trade deficit widened sharply, due to higher imports and a decline in exports, according to official data released on Thursday.

The U.S. trade deficit widened sharply in November after reaching its smallest level since 2009, underscoring how shifting tariff policies are driving volatility in global trade flows, Bloomberg writes.

Canada recorded a sharp increase in its monthly international trade deficit in November as merchandise exports fell significantly, highlighting ongoing challenges tied to trade diversification and U.S.