The amount by which the cost of a country’s imports exceeds the value of its exports.
- The balance of payments deficit now includes a trade deficit, which was not the case forty years ago.
- Despite a falling dollar, the U.S. trade deficit has continued to increase to new record levels.
- Just to define the terms a little bit, the trade deficit is the excess of our imports of goods over our exports of goods.
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Syllabification: trade def·i·cit
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