The exchange of goods and services between the United States and other countries. It includes importing goods into the U.S. and exporting U.S. products to other nations.
Related terms
Trade deficit: When a country imports more goods than it exports, resulting in an imbalance in trade.
Tariffs: Taxes imposed on imported goods to protect domestic industries and regulate foreign trade.
Free trade: An economic policy that allows for unrestricted import and export of goods without tariffs or quotas.