Which is the most accurate statement?

A) Our trade problems with Japan and China are very similar.
B) Japanese markets have been at least somewhat closed to imports.
C) If Japan and China traded fairly,our trade deficits with those two countries would disappear.
D) Our trade deficits with Japan and China account for almost our entire trade deficit.

Trade Deficits

Trade Deficits occur when a country's imports of goods and services exceed its exports, indicating an outflow of domestic currency to foreign markets.

Economic Colony

A region or country controlled by a foreign power for the purpose of economic exploitation, often through trade and resource extraction.

Trade Balance

The difference in value between a country's imports and exports over a certain period, indicating the net exports of goods and services.