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21Apr 2025

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: …

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12Apr 2025

Trump’s Tariffs: A Catalyst for India’s Reforms

Syllabus: GS-2: Bilateral Groupings & Agreements , Effect of Policies & Politics of Countries on India’s Interests , Indian Diaspora , Groupings & Agreements Involving India and/or Affecting India’s Interests Focus: Trump’s recent tariff policies, focusing on China, have opened a unique opportunity for India to address its economic stagnation by initiating much-needed reforms in …

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