U.S. international trade activity remained in the doldrums in November with aggregate imports and exports across goods and services having fallen by 5.6% year over year, the 14th straight decline. While imports of goods extended their recovery with a 5.8% improvement there was a continued downturn in transport and travel services as well as weak goods exports despite the impact of the phase 1 trade deal with China. The gain in imports was driven by electronics. Imports of telecoms equipment up by 20.4% year over year, likely due to Apple’s iPhone 12. Videogame imports surged 152% on new ...