Emerging economies such as India, Brazil and Vietnam, which impose tariff on US imports higher than what US charges them, are likely to draw the attention of trump.
🎗️ India charges a simple average (Overall) tariff of 12.4% on US products, while US charges 3.4% on Indian Imports.
🎗️ India runs a trade surplus worth $44 billion with the US, which has been a concern for Trump.
𝐀𝐯𝐞𝐫𝐚𝐠𝐞 𝐭𝐚𝐫𝐢𝐟𝐟- Average of all the extra amount charged from importer on total products.
𝐓𝐫𝐚𝐝𝐞 𝐒𝐮𝐫𝐩𝐥𝐮𝐬- When a country (India) has more to export than it imports from a country(US).