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Trade war (In news (major economies continue to impose tariffs on each…

- - - - Reduced uncertainty as it creates predictable trade policies
      - Created an environment that facilitates decision-making
      - Placed credible and legal directives that are clearly understood by allies
      - Theory of comparative advantage -->Free trade works best for all
      - For working in regional platforms and protecting domestic Industry
    - - Impacts global trade
      - Trade contributes 40% to India's GDP(WB) and hence will be deeply hurt
    - - India cant import oil, gas and solar equipment
      - Having negligible e-manufacturing base, native e-industries affected
      - Exports from india affected--> Make in india wont happen
      - weaken rupee further and hit the Indian economy
        hard