Record imports in October drove the U.S. trade deficit to the highest level in a decade. The Commerce Department says the gap between what the United States sells and what it buys from foreign countries rose to $55.5 billion in October.
That's the fifth straight increase and the highest since October 2008. The deficit in the trade of goods with China rose 7.1% to a record $43.1 billion dollars.
Read the full report here.