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Why in the News ? The US imposed a 10% tariff on imports from Australia-governed Heard and McDonald Islands, which have no trade activity. Experts are puzzled, calling it symbolic or erroneous, given the islands’ ecological value and status as a protected nature reserve. Background and Geopolitical Context: The US President recently imposed a 10% …
Read MoreWhy in the news? Former US President Donald Trump reiterated his interest in acquiring Greenland, citing strategic and economic reasons, including countering China’s Arctic influence and leveraging Greenland’s rare earth minerals critical for defense, renewable energy, and emerging technologies. Background of US-Greenland Relations: Greenland: World’s largest island, autonomous province of Denmark, abundant in natural resources …
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