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U.S. Tariffs and WTO Crisis Syllabus GS 3: International Trade Why in the News? Recently, the United States imposed temporary import surcharges under Section 122 after a Supreme Court ruling, while launching Section 301 probes, raising concerns about WTO rule violations and global trade fairness. Introduction Recent actions by the United States on tariffs have …
Read MoreTrump Imposes 100 Percent Tariff On Pharma Imports Why in the News ? US President Donald Trump announced 100% tariffs on branded or patented pharmaceutical products from October 1, 2025, potentially impacting exports of Indian pharma companies, while generic drugs may remain largely shielded, raising trade and policy concerns. This move could have ripple effects …
Read MoreIndia’s Exports Face Heavy US Tariffs Why in the News? The US has enforced 50% tariffs on India’s exports from August 27, 2025, including an additional 25% penalty tariff linked to India’s Russian oil imports. This move, reminiscent of Trump-era trade policies, is expected to impact 55% of India’s US-bound shipments, worth nearly $47–48 billion, …
Read MoreIndia Plans Retaliatory Tariffs on U.S. Imports Why in the News ? India has notified the World Trade Organization (WTO) of its plan to impose retaliatory tariffs on $7.6 billion worth of U.S. imports. This move comes in response to the U.S. imposing 25% duties on steel and aluminium imports. Background of the Tariff Dispute …
Read MoreGlobalisation 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 MoreWhy 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 MoreChina-US Trade War Reshapes Global Agricultural Markets Why in the News? China has reduced agricultural imports from the US, focusing on self-sufficiency and diversifying suppliers. This shift may pressure India to open its market to US farm produce amid changing global trade dynamics. Escalation of Trade War : The US imposed a 25% tariff on …
Read MoreSyllabus: 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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