Some people think that "large national budget deficits will inevitably lead to huge national trade deficits. " If so, then the countries with the largest budget deficits in the world will necessarily have the corresponding largest trade deficits. The country is the United States, and the U. S. trade is generally a surplus rather than a deficit (because despite the loss of its trade in goods, its technology and services trade makes a lot). From this we can infer:. ['Huge national budget deficits will inevitably not lead to huge national trade deficits.', 'Huge national trade deficits will not necessarily lead to huge national budget deficits.', 'Huge national budget deficits may not lead to huge national trade deficits.', 'Huge national budget deficits could lead to huge national trade deficits.']