India, April 23 -- In an era marked by intensifying global trade tensions, the resurgence of tariff wars has emerged as a formidable challenge for nations striving to safeguard their economic interests. The imposition of sweeping tariffs by major economies most notably by the US under President Donald Trump has disrupted established trade relationships and compelled governments to reevaluate their strategic approaches. In particular, the recent escalation of tariffs, such as a 145% duty on Chinese goods and significant levies on imports from the EU, Japan, and other major economies, reflects a marked shift from multilateralism to protectionism. This trend has had profound implications for global trade, compelling countries to adopt a vari...