Trade Deficit: a situation in which the value of goods a country imports (= buys from other countries) is greater than the value of goods it exports (= sells to other countries), or the size of this difference.
Cambridge English Dictionary
The United States of America has the biggest trade deficit with China, followed by Mexico, Japan, Germany and Taiwan. Vietnam, Ireland, Italy, Malaysia and South Korea complete the top 10.
The biggest surplus in trade exist with Hongkong, followed by the Netherlands, United Arab Emirates, Belgium and Australia.
In 2018, President Trump made the trade deficit – especially with China – a central element of his economic policies. Read more about it in the Worldmapper blog.
