New Delhi, Dec. 23 -- The United States-led global tariff war is causing unprecedented disruption to global trade and undermining the long-standing rule-based multilateral trade framework which has affected India's trade as well. The WTO-led global trading system is facing the headwinds of trade protectionism, weaponization of economic policies, disguised trade restrictions and geopolitical competition. Countries across the world are reimagining their policies in the context of changed global economic realities. Amid rising protectionism and geopolitical tensions, having a robust trade policy becomes imperative in responding to these challenges and expanding the country's choices.

India's trade policy response needs to be more dynamic, c...