Yes it experienced a trade deficit but it was because it spent more on foreign import than it earned by selling exports
Trade deficit
The USA has a trade deficit.
The United States began experiencing a serious trade deficit.
The US has a trade deficit with China. That means China sends the US goods worth worth more money than those the US sends China.
The US' trade deficit is a major concern as it directly affects the economy. This is the among the gauges used to judge the competitiveness of the US economy.
by 2004, the United States realized a record trade deficit of nearly $651 billion.
False - Because Americans buy so much abroad the us experienced and eever increasing trade deficit. In other words it consistently spent more on foreign imports than it earned by selling exports. This imbalance increased five fold between 1980 -1990
foreign trade deficit
US
The United States has a high trade deficit with a number of countries. It has the highest trade deficit with China, at about 27 million dollars of debt.
Increase import from China
trade deficit occurs when? trade deficit occurs when?