US Trade Deficit

Explain what the US Trade Deficit is. Why did it go down in December 2007? What does the value of the US dollar have to do with the trade deficit falling? Why do you think that a large trade deficit is bad for the economy? In other words: why is it bad to import more goods than you export?
The U.S. Trade Deficit is the number of imported goods over exported goods. This has to be kept at a state of equilibrium because if imports surpass exports than, in a sense, the U.S. is losing money. You pay to import, but you get paid when exporting. When importing surpasses exporting we face a deficit, and surplus when exports proceed imports. During December of 2007 the U.S. faced a deficit because imports exceeded exports by nearly $58 billion. The value of the U.S. dollar also has importance here because when the value is down, this attracts foreign buyers to buy American products for cheap, subsequently if the dollar value is high, than buyers tend to stay away or there is a limit gap. Therefore, with more buyers prowling America for products, there were more exports and the U.S. was making money. A large enough trade deficit is bad for the economy because that is one way how it can go bankrupt and put the economy in a crisis. That is why it is better to export more than import, that way a country can gain surplus and not have to worry about deficit.