The Uncertain World of Today in Which We Reside – By Dr Harold Gunatillake Navigating Economic Challenges: Strategic Interventions for Developing Nations Confronted with Elevated Tariff Barriers The world is changing after Liberation Day- Trump’s announcement on the new tariff brings an interesting shift in our economic landscape, inviting us to consider its potential impacts. A timely update encourages us to stay informed and engaged with these developments. Imports from other countries will undoubtedly mark a seismic change in the global order. The transformation of the global Order, the era of rules-based globalisation and free trade, is over, and we are entering a new phase that will disastrously affect world trade. The US has become the bedrock for the world’s free market economies. A free market is a vibrant space where the laws of supply and demand form the foundation of our economic system without government intervention. Free markets thrive ...
Apr 10, 2025
Posted
Articles, Dr harold Gunatillake
Tagged Free market vs protectionism, Global trade disruption 2025, Impact of tariffs on developing countries, Singapore trade policy, Sri Lanka export challenges, Tariff impact on global economy, Trade war consequences, Trump's reciprocal tariffs, US tariffs on imports, WTO trade collapse
