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International Affairs

Written for the exam, not for the news cycle. Every item carries what it means for NABARD Grade A, RBI Grade B and SEBI Grade A.

Page 10
Beijing Faces Up to 245% US Tariffs Amid Intensifying Trade War US-China Trade Tensions Escalate The White House announced that China may now face tariffs of up to 245% on its exports to the United States. This move follows 17 Apr 2025 National Security Probe into Critical Minerals and Tariffs U.S. Probe on Critical Minerals Trade-Related Investigation: President Donald Trump ordered a trade-related probe into the national security risks stemming from 17 Apr 2025 India’s Trade Deficit with China for FY 2024-25 Context: India recorded a trade deficit of $99.2 billion with China for the fiscal year 2024-25, a significant gap driven by a surge in imports of electronics g 17 Apr 2025

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WTO Global Trade Outlook for 2025 Revised Trade Growth Forecast Decline in Global Merchandise Trade: The World Trade Organization (WTO) has revised its global trade growth forecast for 2025, shi 17 Apr 2025 Sudan Conflict 2023–2025 Background and Origins of the Conflict In April 2023, Sudan plunged into civil war due to a power struggle between two military factions: General Abdel Fattah a 16 Apr 2025 IMF Warns Against Tariffs Context: The International Monetary Fund (IMF) warns that geopolitical risk events including wars, terrorism, trade tensions, and military conflicts — pose a se 15 Apr 2025 Argentina Secures $20 Billion IMF Deal Context: Argentina has signed a $20 billion, 48-month Extended Fund Facility (EFF) agreement with the International Monetary Fund (IMF), marking a significant s 14 Apr 2025 India Unlikely to Challenge US Tariffs at WTO Context: India is unlikely to escalate a dispute at the World Trade Organization (WTO) against the United States over the reciprocal 25% tariffs on steel and al 14 Apr 2025
India and Nepal Strengthen Customs Cooperation Context: India and Nepal have agreed to enhance their customs cooperation to facilitate smoother trade and combat smuggling across their shared border. The two 14 Apr 2025 Global Carbon Tax on Shipping Industry Context: In a landmark decision, India and 62 other countries have voted in favor of implementing the world’s first-ever global carbon tax targeting the shippin 13 Apr 2025
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