India’s trade surplus with the US is relatively low compared to other Asian countries. The US accounts for 177% of India’s goods exports, but India’s share in US imports remains small at just 2.7% as of 2024. India imposes some of the highest tariff rates, with the weighted average tariff on US imports at 8.5%, … Continue reading India-US Trade: High Tariffs, Low Surplus, and Potential Risks