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Jaishankar noted these global shifts highlight urgent need for nations to diversify supply chains and bolster economic resilience to withstand a fragmented world trade system.
External Affairs Minister Jaishankar (AFP photo)
External Affairs Minister S Jaishankar said global trade patterns are being upended by rising “tariff volatility,” as nations reassess their economic dependencies and trade policies. His remarks come amid mounting uncertainty sparked by Washington’s tariff decisions and their ripple effects across global markets.
Speaking at an event, Jaishankar highlighted the “strategic consequences” of ongoing geopolitical realignments, pointing to how the concentration of nearly one-third of global manufacturing in a single geography, in an apparent reference to China, has reshaped global economic and strategic calculations.
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He noted that these global shifts highlight the urgent need for nations to diversify supply chains and bolster economic resilience to withstand an increasingly fragmented world trade system.
“Consider the global landscape now and let us reflect on the intensity of the transformation and its implications. A third of global manufacturing has moved to a single geography, with attendant consequences for supply chains,” he said.
“There is rising anti-globalisation sentiment in many societies. Trade calculations are being overturned by tariff volatility,” he said, in an apparent reference to Washington’s trade tariff policies.
Jaishankar made the remarks while speaking at the first Aravali Summit hosted by Jawaharlal Nehru University’s School of International Studies.
The external affairs minister’s comments come amid a recent downturn in India-US trade relations, following US President Donald Trump’s decision to double tariffs on Indian goods to 50 per cent, including an additional 25 per cent duty on imports linked to India’s purchase of Russian crude oil.
“The global energy scenario has changed profoundly, with the US becoming a major fossil fuel exporter and China a key renewable one. There are competing models on the harnessing of data and evolution of Artificial Intelligence, which jostle with each other,” he said.
About the Author
Covering day-to-day national and international news for the last nine years across print and digital. Associated with News18.com as Chief Sub-Editor since 2022, covering innumerable big and small events, includ…Read More
Covering day-to-day national and international news for the last nine years across print and digital. Associated with News18.com as Chief Sub-Editor since 2022, covering innumerable big and small events, includ… Read More
October 07, 2025, 10:37 IST
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