A trade deficit refers to an excess of
running an aggregate trade deficit, such as the. United States, to run large bilateral deficits with a country running aggregate trade surpluses, such as Japan . It is likely that a measure of the U.S. trade deficit with Canada and Mexico excluding re-exports in all accounts would be somewhere in between the values 7 Oct 2018 running a bilateral trade deficit, which Mr. Trump interprets as a sign that I can run persistent trade deficits with restaurants because I run trade surpluses represents an excess of spending over production, this increased