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 ?
Despite record exports to China in October, the U.S. trade deficit with that country in the first 10 months of this year was $226.8 bln, up 20.3% from the year-earlier period.
One way to reduce the U.S. trade deficit is that the U.S.
* The U.S. trade deficit in advanced technology products (ATP) remains very large, with negative consequences;
The improvement in the U.S. trade deficit over the course of the next several years will offset some of the weakness in the domestic U.S.
This relative price change shifts worldwide demand toward the United States and, if inflation remains subdued, will reduce the U.S. trade deficit.
Many trade observers says China's undervalued currency and the U.S. trade deficit are costing every working American thousands of dollars.
According to an Economic Policy Institute economic snapshot, the U.S. trade deficit is currently at a record high.
Of the new jobs touted by the administration, Roberts pointed to 177,000 "in the domestic service sector" and 26,000 that are "tax-supported government jobs." In all, he stated, "Not a single one of these jobs produces a tradable good or service that can be exported or serve as an import substitute to help reduce the massive and growing U.S. trade deficit." Overlooked, he says, are "reductions in the productivity and pay of employed Americans in the manufacturing, technical and scientific [sectors] of the U.S.
"A Silver Lining in the U.S. Trade Deficit" by Diana Farrell, Sacha Ghai, and Tim Shavers, in The McKinsey Quarterly (March 2005), www.mckinseyquarterly.com.
dollar was heading for a decline because of the ever-widening U.S. trade deficit. So for the most part, it's not that treasurers missed an opportunity to hedge, but often exposures are not understood until it is too late, which may result in an unpleasant surprise to report at the end of the quarter.
At the same time, the huge U.S. trade deficit is becoming an enormous threat to the dollar, putting the U.S.
The U.S. trade deficit soared to the second highest level in history in January, according to the Commerce Department.