word
Trade Deficit
TRAYD DEF-ih-sit
/treɪd ˈdɛfɪsɪt/Listen
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Syllable breakdown
tradedeficit
Dictionary meaning
A situation in which a country's value of imports exceeds its value of exports over a given period; also called a negative balance of trade. A persistent trade deficit may signal competitiveness issues but can also reflect strong domestic demand.
Examples
- The US has run a trade deficit for most of the past four decades, importing more goods than it exports.
Synonyms: negative trade balance, import surplus
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