trade deficits
Buying outpaces selling
A trade deficit occurs when a country imports more goods and services than it exports—buying more from other nations than it sells to them.
The term appears constantly in economic and political debate: The trade deficit with China has widened.
Whether deficits signal economic weakness or simply consumer demand remains contested among economists.
- importsGoods brought in
- made in ChinaProduced in the PRC
- tariffsTaxes on imports
- exportsGoods sold abroad
- protectionismShielding local producers
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