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U.S. Asks WTO to Address Forced Labor on Fishing Vessels – gCaptain

U.S. Asks WTO to Address Forced Labor on Fishing Vessels – gCaptain
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U.S. Saw Record Goods-Trade Gap in November – gCaptain

By Ana Monteiro (Bloomberg)
The U.S. merchandise-trade deficit widened to an all-time high in November as American companies imported a record value of consumer goods.
The shortfall grew to $84.8 billion last month from $80.4 billion in October, according to Commerce Department data released Wednesday. The median estimate by economists in a Bloomberg survey was for a $81.5 billion deficit.
Imports rose 2.6% to $212 billion, the highest since May 2019 and led by a jump in shipments of consumer goods. Exports increased 0.8% to $127.2 billion.
The data show that while outgoing President Donald Trump’s push to rewrite the U.S. relationship with the world was yielding some results before the outbreak, the goal of a narrower trade imbalance will go unrealized after Covid-19 upended supply chains and demand. Both exports and imports have improved since the crisis first hit. ....

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