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trade deficit

[ treyd-def-uh-sit ]
/ ˈtreɪd ˌdɛf ə sɪt /
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noun Economics.
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.
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Origin of trade deficit

First recorded in 1855–60
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

How to use trade deficit in a sentence

Cultural definitions for trade deficit

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 for trade deficit

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.
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