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21Apr 2025

Globalisation Fades: Tariffs, Chips, And Strategic Shifts

Globalisation Fades: Tariffs, Chips, And Strategic Shifts Why in 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 Scottish …

19Jun 2024

GEOPOLITICAL TENSIONS AND ECONOMIC DECOUPLING

Syllabus: GS-3- Trade conflicts, impact on International Relations and global economy Focus : The article explores the implications of the recent U.S. decision to impose additional tariffs on Chinese imports, highlighting the potential for increased economic decoupling between the West and China. It examines the broader impacts on global trade, manufacturing, healthcare, and renewable energy, …

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