Why is a growing trade deficit a concern?

Question

02-03-2018
Advanced Placement (AP)

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Why is a growing trade deficit a concern?

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JayKettu JayKettu · Answer 1 · 2018-03-02T01:53:20+01:00

JayKettu JayKettu

02-03-2018

Answer: First we must identify what a trade deficit is. It is when a country imports more than it exports. Without the regulation of tariffs, this can devalue the manufacturing industry for a country/nation, as well as cause economic problems.

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