Balance of trade

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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.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
The U.S. trade balance has adjusted to the increase in the purchase of U.S.
U.S. trade balances are macroeconomic variables that may or may not indicate underlying problems with the competitiveness of particular industries.
and foreign economics exhibit similar responses to their own external adjustment.) During periods of U.S. trade balance adjustment, the foreign economies exhibited (relative to periods of U.S.
To get a better handle on how these trade and private capital flows have affected the dollar, we construct in Figure 2 a modified basic-balance-of-payments flow indicator by subtracting the underlying trend in the U.S. trade balance from the underlying trend in net private foreign purchases of U.S.
EXPORTS $ 503 $ 597 -15.7% U.S. TRADE BALANCE -$5,181 -$4,361 -15.8% Source: U.S.
Sugisaki downplayed a possible negative impact a weak yen may have on the U.S. trade balance with Japan.
The rise in the dollar also led, of course, to a deterioration in the U.S. trade balance. Taking all three of these effects into consideration, the authors calculate that the overall effect of the Asian crisis on the U.S.
* The global economic slowdown has not yet bottomed out, and the U.S. trade balance will continue to deteriorate.
expansionary monetary policy shocks worsen the U.S. trade balance and the U.S.
The U.S. trade balance has been in deficit almost continuously since the early 1970s, despite a surplus in services.
economy than has been true on average, and, therefore, positive deviations are generally associated with U.S. trade balance surpluses.
Applying this simple multiplier reveals that the deterioration in the U.S. trade balance with Mexico and Canada of $1.1 billion during the first six months of the agreement resulted in the loss of 21,560 jobs.