What is a trade deficit and does it matter to the economy?

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A trade deficit occurs when the dollar value of a country’s imports is more than its exports

by Christopher Reynolds – The Canadian Press 

On the global stage, countries export some goods and services while importing others.

Each country has an overall global trade balance, as well as various balances with other states they buy and sell with — for example, the one between the United States and Canada.

 “But [Trump] does shed light in on the fact that we as a country have to rise above the circumstances in which we are now and redefine our place relative to the United States and the rest of the world”
 
 
 

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