The U.S. trade deficit widened in November, likely as businesses worried about President-elect Donald Trump's threats to raise tariffs on foreign goods front-loaded imports, more than offseting a surge in exports to a record high.

The US trade deficit widened in November, reflecting the biggest jump in imports since March 2022 as companies accelerated shipments ahead of a possible dockworkers’ strike and in anticipation of potential tariffs by the Trump administration.

Canada recorded a ninth consecutive monthly trade deficit in November, albeit smaller than expected, as exports rose faster than imports, and its trade surplus with the United States widened, data showed on Tuesday.