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Globalisation Fades: Tariffs, Chips, And Strategic Shifts

Globalisation Fades: Tariffs, Chips, And Strategic Shifts Why in the News? The revival of high tariffs and industrial policies in the U.S., under Donald Trump and Joe Biden, marks the decline of hyper-globalisation rooted in Adam Smith and David Ricardo’s free trade theories, especially in the semiconductor sector.   From Classical Trade Theories to Globalisation: …