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Balance of trade
(redirected from U.S. trade deficit)

   Also found in: Dictionary/thesaurus, Financial, Encyclopedia, Wikipedia 0.01 sec.

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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In New York on Tuesday, the dollar fell against the yen and euro partly because the U.
dollar traded in the lower 115 yen range early Thursday in Tokyo, maintaining its strength gained in overnight trading in New York due partly to a smaller-than-expected U.
Asked about China's dollar-pegged currency system after giving a speech at the Economic Club of New York, Greenspan said he believes China will eventually let the yuan appreciate against the dollar but that will not result in lowering the U.
 
 
 
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