The U.S. trade in goods deficit jumped to $62 billion in October as imports climbed 2% on a year earlier and exports fell 1%. That was significantly wider than the $60 billion expected by economists and may add impetus – if it was needed – to the incoming administration’s desire to renegotiate U.S. trade deals. Yet, Panjiva data shows that a 6% jump in seaborne shipments, driven by consumer products from Europe, was the main driver of the import increase. By contrast imports from Mexico likely fell 5%.