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        Indian Laws

        A senior government official warned that global 'tariff...

        Senior Official Warns Tariff Volatility, Supply Chain Disruption, Calls for De-risking, Sovereignty Safeguards and Strategic Policy Shifts

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                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.
                                A senior government official warned that global "tariff volatility" is overturning trade calculations and disrupting supply chains after a major economy sharply raised tariffs on imports, including punitive duties tied to energy purchases. The official noted strategic consequences from the concentration of manufacturing in a single geography, rising anti-globalisation sentiment, tighter technology controls, competition for critical minerals, use of sanctions and asset seizures, and the growth of crypto and big tech influence. States must de-risk exposures, safeguard sovereignty against tech penetration, and recalibrate policy to manage end-to-end risks while selectively taking strategic economic and security risks.
                                Note: It is a system-generated summary and is for quick reference only.
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