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.
Note: Trade deficits, because they imply that capital is leaving a country, can cause higher interest rates.
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| an extraordinary or unusual thing, person, or event; an exceptional example or instance. |
| a calculus or concretion found in the stomach or intestines of certain animals, esp. ruminants, formerly reputed to be an effective remedy for poison. |
| trade deficit | |
noun | |
| an excess of imports over exports |