Import Surge: It describes an intense increase in imports over a short period, which can lead to economic disruptions if not managed effectively.
Balance of Trade: It represents the difference between a country's exports and imports. A sudden influx can cause an imbalance in trade if imports significantly exceed exports.
Dumping: This occurs when foreign producers sell their goods at extremely low prices below their production costs in order to flood a market with their products and gain an unfair advantage.