PM's Secretary: Tariffs and Export Controls Used Strategically

PK Mishra, Principal Secretary to the Prime Minister, stated that tariffs, export controls, and trade restrictions are increasingly used for strategic purposes beyond traditional commercial goals. Speaking at the 5th Kautilya Economic Conclave in New Delhi, he highlighted how economic policy and geopolitical factors are becoming closely linked, creating uncertainty for economies and policymakers. Mishra emphasized the challenge of balancing globalization benefits with reducing exposure to shocks.

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