A massive expanded slippage in the U.S. trade for October and that goes back to the weak supply worldwide and the dollar rally that had a negative impact on the exports.

According to the Commerce Department, the dip in the trade nudged up by 5.4% at $78.2 billion, where exports dropped by 0.7% at $256.6 billion and advance in the imports by 0.6% at $334.8 billion.

At some point this year, the greenback saw a tick up above 11% versus the currencies of the major trade associates of the United States since last year’s December, due to Fed’s aggressive interest rate hikes to tame inflation.

The U.S. economy bounced in the Q3 owing to the minor slip in the trade. The expanded slippage in October refers that the trade could be a burden on the GDP for this quarter.