Trade calculations are being overturned by “tariff volatility” globally, External Affairs Minister S Jaishankar said on Monday against the backdrop of economic disruptions triggered by Washington’s policy on trade tariffs.
In an address at an event, Jaishankar delved into the “strategic consequences” of profound changes being witnessed in the geopolitical landscape, including the shifting of one-third of global manufacturing to a single geography, in an apparent reference to China.
“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.
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