A trade deficit occurs when a country imports more goods than it exports, resulting in an outflow of domestic currency to foreign markets. The United States has reported a growing trade deficit for decades, with imports exceeding exports. A trade deficit represents a negative balance of trade.

1. WHAT IS A TRADE DEFICIT?
An economic measure of a negative balance
of trade in which a country’s imports exceeds
its exports. A trade deficit represents an
outflows of domestic currency to foreign
markets.
However , a deficit has been reported and
growing in the United States for the past
decades.