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What is a trade deficit?

What is a trade deficit? Here are some definitions.

Noun
  1. (economics) A negative balance of trade.
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I'm not at all worried about the budget or the dollar or the trade deficit or any of that stuff.
The dollar has depreciated largely because of the size of the US trade deficit.
A bilateral trade deficit is what you spend with a particular trading partner, less what you earn from them.
In years long past the trade deficit would rise and fall with the value of the dollar in a natural rhythm.
Here is a question, the American's run a huge trade deficit and the dollar is strong.
Hollywood, prime exporter of horror for so long, is now building up a trade deficit.

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