Since 1975, the united states has had a trade deficit because it started making more imports than the exports in the country.
In 1975, U.S. exports exceeded the imports by $12,400 million, But this was the last trade surplus the United States of the 20th century. By 1987, the American trade increased to $153,300 million. The trade gap started sinking in the coming subsequent years when the dollar started depreciating.
Economic growth in other countries lead to increased demand for U.S. exports. But still the American trade deficit was swelled again in the late 1990s
In order to measure country's economic health and stability balance of trade is used. It is the difference between the value of imports and the value of exports of particular period.
A positive balance is known as a trade surplus whereas a negative balance, which defines the import more than the exports, is called a trade deficit of gap.
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