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trade deficit
[ treyd def-uh-sit ]
noun
- a negative balance of trade, or the amount by which the value of a country’s imports exceeds that of its exports. Compare trade surplus ( def ).
trade deficit
- The condition that exists when the value of what a country imports exceeds the value of what it exports; also called an unfavorable balance of trade .
Notes
51Թ History and Origins
Origin of trade deficit1
Example Sentences
He has also inflated the US-Canada trade deficit and said that the nation is "ripping off" America.
Trump has said he thinks tariffs are needed to reduce the trade deficit with other countries, bring back domestic manufacturing and protect American industries.
He treats a trade deficit with Canada or Japan as just as dangerous as economic dependence on China.
“This is a tariff policy we’ve been told will solve the fentanyl crisis, get rid of illegal immigration, rescue the budget deficit, solve bilateral trade deficits and cure toe fungus,” Wolfers said on MSNBC.
The U.S. trade deficit with Vietnam is about $123.5 billion, putting the country near the top of Trump’s list for “reciprocal” tariffs.
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