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Trade Deficit
A situation that occurs when a country imports more goods and services than it exports.
Import
Goods or services brought into one country from another for the purpose of sale.
Tariffs
Taxes imposed by a government on imported or exported goods to regulate trade, and often used to protect domestic industries.
Trade Quotas
Restrictions set by a country on the quantity of goods that can be imported or exported over a specified time period.
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