If the U.S. imports $500 billion from China and sells $200 billion worth of goods and services, then the U.S. is running a trade deficit.
What is a trade deficit?
The trade deficit arises when the net exports are negative instead of positive.
A trade deficit describes the balance of trade, which is the difference between the monetary value of the United State's exports and imports over a certain period.
Thus, if the U.S. imports $500 billion from China and sells $200 billion worth of goods and services, then the U.S. is running a trade deficit.
Learn more about the balance of trade at https://brainly.com/question/7536033
