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of 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.
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