Global trade overturned by tariff volatility: Jaishankar

Global trade has been overturned by “tariff volatility” and international rules and regimes are being revisited or discarded, external affairs minister S Jaishankar said on ‘Monday against the backdrop of economic disruptions caused by the trade policies of the Donald Trump administration in the US.

- Rezaul H Laskar and Gargi Shukla

The strategic consequences of widespread changes on the geopolitical landscape, including the shifting of one-third of global manufacturing to China and the erosion in sovereignty because of technology manipulation, was the focus of Jaishankar’s speech at the Aravalli Summit at his alma mater, the Jawaharlal Nehru University’s School of International Studies.

“Consider the global landscape now and let us reflect on the intensity of the transformation and their implications. A third of global manufacturing has moved to a single geography, with attendant consequences for supply chains,” he said.

“There is rising anti-globalisa-