Tag

• UGI USER
• Current Affairs Economic Shocks Global Markets inflation International Trade Policy Impact trade war Trump Tariffs U.S. Trade Policy UPSC Economy UPSC GS3 US Economy
• 2
• 0

Trump’s Tariffs Join Historic US Economic Shocks

Why in the News ? Trump’s high tariffs on Chinese imports are being compared to major past US policy shifts—the Nixon Shock and Volcker Shock—for their transformative impact on the global economy, trade balances, and monetary system, reigniting debates on protectionism and global trade. The Nixon Shock (1971): Collapse of Bretton Woods Post-WWII era (1949–1969) …

Read More