The threat of higher tariffs on goods if Trump is returned to the White has also prompted businesses to front load on imports, driving the trade deficit to a nearly 2-1/2-year high in September.

The U.S. trade deficit contracted sharply in October as imports declined by the most since late 2022, potentially positioning ...

The US trade deficit narrowed in October from a more than two-year high as companies dialed back imports of consumer goods and business equipment.