WASHINGTON (MarketWatch) – The U.S. trade deficit rose 3.2% to $50.5 billion in November, the highest trade gap since January 2012. Economists surveyed by MarketWatch had predicted the deficit would widen to a seasonally adjusted $50 billion. Imports rose 2.5% to $250.7 billion, the Commerce Department said Friday. Exports rose 2.3% to $200.2 billion. Year-to-date, the deficit is up 11.6% from the same period in 2016. The trade gap with China widened to $35.4 billion in November, the highest since September 2015. The November import average price of oil rose to $50.10 in November, the highest since July 2015.
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