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Why in the News? The U.S. has implemented new tariffs targeting major trading partners like China, Canada, and Mexico. These protectionist measures could disrupt global supply chains, impact economies, and trigger retaliatory tariffs, raising concerns about economic instability and escalating trade conflicts. Consequences of Tariff Wars Tariff wars increase production costs by raising the price …
Read MoreWhy in the News? U.S. President Donald Trump announced reciprocal tariffs from April 2, targeting India, China, and other nations with high levies on U.S. goods. He called these tariffs “very unfair” and emphasized boosting domestic manufacturing while retaliating against trade imbalances. Key Announcement: S. President Donald Trump criticized high tariffs imposed by India, China, …
Read MoreSyllabus: GS-2: International Treaties & Agreements, Government Policies & Interventions GS-3: Inclusive Growth, Government Policies & Interventions, Effect of Policies & Politics of Countries on India’s Interests Focus: US President Donald Trump has proposed reciprocal tariffs, ensuring the US imposes the same tariffs on imports as other countries impose on US exports. This challenges existing …
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