This is where America’s multilateral trade deficit enters the equation, for it has long accounted for the bulk of America’s balance-of-payments gap. Since 2000, it has made up fully 96% of the cumulative current-account shortfall.
美国多边贸易赤字长期以来都要占美国国际收支缺口的大头。自2000年以来更是占到了累计经常项目赤字的96%。