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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 …
Read MoreSyllabus 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: The US, under Trump’s “reciprocal tariffs” policy, may impose higher import duties on Indian goods, especially agricultural exports like shrimp and basmati rice. With …
Read MoreSyllabus: GS 2: India and its neighbourhood couuntries Why in the News? Recently, United States initiated tariffs on Canada, Mexico, and China to boost federal revenue and address economic concerns, sparking debates on trade wars and potential political implications. Introduction United States has adopted a policy of muscular nationalism, initiating a trade war targeting key …
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