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A '''trade deficit''' is an amount by which a country's merchandise [[exports]] exceed its merchandise [[imports]]. It does not include "hidden exports" such as financial deals.<ref>http://usinfo.state.gov/products/pubs/oecon/chap12.htm</ref><ref>http://crushliberalism.blogspot.com/2007/01/debunking-trade-deficit-myth.html</ref> A '''trade surplus''' is an amount by which a country's merchandise exports exceed its imports.
A '''trade deficit''' is an amount by which a country's merchandise [[exports]] exceed its merchandise [[imports]]. It does not include "hidden exports" such as financial deals.<ref>http://usinfo.state.gov/products/pubs/oecon/chap12.htm</ref><ref>http://crushliberalism.blogspot.com/2007/01/debunking-trade-deficit-myth.html</ref> A '''trade surplus''' is an amount by which a country's merchandise exports exceed its imports.
Persistent trade deficits essentially [[export]] a [[nation]]'s [[capital]] wealth. The United States last had a trade surplus in 1967.
Persistent trade deficits essentially [[export]] a [[nation]]'s [[capital]] wealth. The United States has been in trade deficit since 1967.
==USA trade deficit==
==USA trade deficit==