The trade deficit remains the soft underbelly of the US economy.

贸易赤字仍是美国经济的软肋。

The trade deficit is the flip side of a rapidly expanding economy.

贸易逆差是一次经济快速发展带来的负面产物。

The US trade deficit grew to just under $30 billion in the third quarter.

美国的贸易逆差在第三季度增加到恰好低于300亿美元的水平。

The larger the trade deficit, the smaller the GDP.

贸易赤字越大，GDP 就越小。

The money tourists spend helps decrease our chronic trade deficit.

游客的消费有助于减少我们长期的贸易赤字。

For the first five months of 2007, the trade deficit actually fell 7 percent from 2006.

2007年的前5个月，贸易赤字实际上比2006年下降了7%。

When the Commerce Department reported last week that the trade deficit in June approached $50 billion, it set off a new round of economic doomsaying.

上周美国商务部报告称，6月份的贸易逆差接近500亿美元，这引发了新一轮的经济末日预言。

First is the US trade deficit.

首先是美国的贸易赤字。

The trade deficit would shrink.

贸易逆差也会随之收缩。

Others fault our growing trade deficit.

其他人认为问题出在不断增长的贸易赤字。

But what has the US done to reduce its trade deficit?

但是，美国为降低他们的贸易赤字又做了些什么呢？

Consumer spending is up and the trade deficit is down.

消费开支上升而贸易赤字下降。

The trade deficit has narrowed and exports are rebounding.

贸易赤字已有缩减而出口正在回升。

Even Britain's trade deficit with Europe is a red herring.

英国与欧盟之间的贸易逆差甚至可以转移人们的注意力。

Such a shift wouldn't help close our overall trade deficit.

如此的转移对缩小我们整体贸易赤字没有帮助。

But very few other countries can absorb the US trade deficit.

但是，只有极少数国家有能力吸收美国的贸易赤字。

The trade deficit is coming down, you know I think it's good.

至少贸易逆差下降了，这是好事儿。

The trade deficit, meanwhile, has been shrinking, as imports grow slowly.

在此期间由于进口增长缓慢，贸易赤字也在不断减少。

The income deficit narrowed but the major change was in the trade deficit.

收入赤字虽也有所减少但幅度减少，但真正起作用的还是贸易赤字的大幅下降。

The US still consumes more than it produces, running a chronic trade deficit.

美国仍然是消费多于生产，留下了长期性的贸易逆差。

Excluding oil, the trade deficit has fallen by almost one-quarter since 2006.

刨除石油，自2006年以来贸易赤字下降了近四分之一。

But though the dollar did weaken, America's trade deficit remained a problem.

尽管美元的确出现了贬值，但美国贸易逆差的问题依然存在。

But will disputes over the trade deficit be solved if the yuan is appreciated?

但是，假如人民币升值，贸易逆差的纠纷能否得到解决呢？

America's trade deficit with China has been rising relentlessly (see chart 4).

美国对中国的贸易逆差增长显著(见图4)。

American policymakers are certainly worried about their country's trade deficit.

美国的政策制定者当然为他们国家的贸易逆差忧心。