balance of trade

India has already slashed tariffs on some US goods, with further cuts expected as the balance of trade is still stacked heavily in favour of Delhi, which enjoys a $45bn trade surplus.

Only 1% of economists said they thought the Trump move would improve America’s balance of trade.

For Trump, the measure in question is balance of trade.

But the balance of trade, in most cases, favours China massively.

It has been under pressure all year from Russia's shrinking balance of trade, as export revenues fall and imports rebound, dropping around 28% year-to-date from levels near 70 to the dollar.