Trade Deficit
/ˈtreɪd ˌdɛfɪsɪt/
Definitions
- (n.) The economic condition where a country's imports of goods and services exceed its exports, often analyzed in legal contexts regarding trade agreements and international economic policy.
The government addressed the rising trade deficit through new export incentives and revised trade regulations.
Forms
- trade deficit
- trade deficits
Related terms
See also
Commentary
While primarily economic, the trade deficit has significant implications in international trade law and treaty negotiations.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.