A trade deficit occurs when a country's
imports exceed its
exports during a given time period. It is also referred to as a negative balance of trade (
BOT).
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Trade Deficit Definition Presidential Election Guide Guide to Antitrust Laws Economy Government & Policy Trade Deficit By Andrew Bloomenthal Reviewed By Peter Westfall Updated Nov 20, 2020 What Is a Trade Deficit? <span>A trade deficit occurs when a country's imports exceed its exports during a given time period. It is also referred to as a negative balance of trade (BOT). The balance can be calculated on different categories of transactions: goods (a.k.a., “merchandise”), services, goods and services. Balances are also calculated for international transa Summary
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