External Affairs Minister S. Jaishankar addressed the Aravalli Summit 2025, emphasizing the profound impact of tariff volatility on global trade. He noted that international trade calculations are being "overturned" due to unpredictable tariff policies, referencing the economic disruptions caused by the U.S. administration's trade policies.
Jaishankar pointed out that one-third of global manufacturing has shifted to a single region, particularly China, leading to significant changes in supply chains. He also highlighted the erosion of sovereignty due to technological manipulation and the rise of anti-globalization sentiments in many societies. These factors contribute to the current volatility in global trade.
In the context of India's foreign policy, Jaishankar reiterated the nation's "neighbourhood first" approach and emphasized the importance of safeguarding national interests amid global uncertainties.
He also discussed the strategic implications of shifting geopolitical landscapes, including the U.S. becoming a major fossil fuel exporter and China leading in renewable energy production.
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