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Balance of trade |
Also found in: Dictionary/thesaurus, Financial, Encyclopedia, Wikipedia, Hutchinson | 0.04 sec. |
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BALANCE OF TRADE, Com. law. The difference between the exports and importations, between two countries. The balance of trade is against that country which has imported more than it has exported, for which it is debtor to the other country. |
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? References in periodicals archive |
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The action came as the administration faced increased pressure from the Democratic-controlled Congress to do something about the nation's soaring trade deficits and lost manufacturing jobs, which critics blame in part on unfair trade practices by foreign nations. Moreover, Germany can run an almost unlimited trade surplus vis-a-vis other Eurozone countries because they are all under one currency and those running trade deficits cannot devalue their currencies against the Germans to regain their competitiveness. They didn't happen because as Bastiat wrote, trade deficits don't matter, never have, never will. |
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Trade deficits
