When the United States recently imported $2,661 billion in merchandise and services and exported $2,103 billion, it had a trade deficit.

Name: When the United States recently imported $2,661 billion in merchandise and services and exported $2,103 billion, it had a trade deficit.
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Question

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A trade deficit occurs when a country imports more goods and services than it exports. In this scenario, the United States imported more than it exported, resulting in a trade deficit.

When the United States Recently Imported $2,661 Billion in Merchandise