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(1) - { trade deficit } : ( ✔ )Innoffensive?
[Noun] | "trade deficit"
1: a situation in which a country buys more from other countries than it sells to other countries : the amount of money by which a country's imports are greater than its exports
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# 1 - { trade deficit:3721119 }
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[ "trade deficit" ]
1: the amount of goods and services that a country imports, minus the goods and services that it exports *in a calendar year*. In 1999 Japan exported much more than it imported, so it had a trade surplus. The same year, the United States imported more than it exported, and therefore had a large trade deficit.
* e.g., ... During economic downturns, political leaders become very concerned if their country is running a trade deficit, because it means that jobs are being lost to business overseas.
[ "trade deficit" ]
2: While Japan had a trade surplus and the USA had a trade deficit, both had something called a trade balance, which was negative for the USA and positive for Japan.
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