India’s Foreign Minister Subrahmanyam Jaishankar warns that global trade is now driven more by politics than economics. Speaking in Kolkata, he criticized the US for imposing radical new trade rules and highlighted China’s assertive global stance. Jaishankar outlined how Europe, Asia, the Middle East, Africa, and Latin America are reassessing strategies amid rising geopolitical pressures, supply chain risks, and tariffs, signaling a new era where political considerations dominate global economic decisions.
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