Mumbai, Dec. 11 -- The U.S. government reported a sharply lower deficit of $173 billion in November, helped by stronger revenues boosted by tariffs on imports. The shortfall fell by $193 billion compared with the $367 billion gap recorded in November 2024, marking a 53% improvement. While President Donald Trump imposed broad import duties, recent trade deals have also reduced some tariffs, contributing to steadier revenue flows.
Published by HT Digital Content Services with permission from Capital Market....