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15May 2025

U.S. Budget Deficit Concerns Replace Tariff Worries

U.S. Budget Deficit Concerns Replace Tariff Worries Why in News ? Amid easing tariff tensions, the U.S. is witnessing renewed anxiety over its soaring fiscal deficit and debt burden, with projections showing rising deficits and strained revenue, triggering debates around tax cuts, spending reductions, and a looming debt ceiling crisis. Rising Fiscal Deficit and Debt …

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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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