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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.

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Note

Trade deficits, because they imply that capital is leaving a country, can cause higher interest rates.
The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

Related Words for trade deficit

bop