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.
|an excess of imports over exports|
|a gadget; dingus; thingumbob.|
|an arrangement of five objects, as trees, in a square or rectangle, one at each corner and one in the middle.|