Trade deficits can be a problem when those deficits are due to government borrowing in countries with weak economic and political institutions
Trump administration wants to reduce its $31 billion deficit with India
India's trade ministry is expected to shortly issue a notification that could delay the implementation of the new tariffs by 45 days
The United States and China have been tied-up in a constant bilateral trade war
Argentina, Australia, Brazil, South Korea, Canada, Mexico are the six countries