the.com/trade deficit
Buying more from them than they buy from you, priced in panic.
means The gap when a country imports more goods and services than it exports, measured in dollars over a given period.
from Straightforward economic compound: 'trade' (from Middle English, rooted in the idea of a path or course, later meaning commerce) plus 'deficit' (from Latin deficere, 'to fail' or 'be lacking' — the same root as 'deficient'). The term itself is a modern accounting coinage, gaining real cultural traction in the 20th century as nations began tallying imports against exports and worrying publicly about the difference.
- not a debt
- it is not money owed, despite the name
- accounting twin
- mirrored exactly by a capital account surplus
- rich country habit
- US has run one almost every year since 1976
- strong currency curse
- a hot economy often attracts imports and widens it