Today we see a lot of activity within the international trade arena as the U.S. trade deficit has soared to a record high.
- Trade is designed to create bigger market opportunities, so why is the balance of trade so out of balance for the U.S.?
- Is it bad to have a trade deficit, or does it not matter?
preview of the answer..
Balance of trade is defined as the relationship between the exports and imports of a country. Where this figure is positive, it is known as surplus when it is negative it is a deficit. In a deficit situation, the imports are more than the exports showing an outflow of the currency of the country to other markets. The US trade deficit is known to be worst as it buys a lot from …
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