Civil Services UPSC CAPF (Assistant Commandants) Test Series 2025 Current Affairs International Affairs
In the context of ongoing Geoeconomic and Geopolitical scenario, which of the following statements best describes trade weaponization?
1
Trade weaponization primarily involves imposing tariffs and taxes solely to raise revenue for the government, without targeting specific countries or industries for geopolitical reasons.
2
It focuses on using diplomatic agreements to encourage free trade and eliminate barriers, aiming for smoother international cooperation without any coercive intent.
3
The key tools include creating impediments to trade, such as blocking customs clearances, environmental and biosecurity standards, and using targeted sanctions and embargoes to exert pressure for geopolitical outcomes.
4
Trade weaponization is mainly concerned with protecting domestic industries through subsidies and protectionist measures while promoting trade relations with allied countries.