Globalization: Impact of Trump’s tariff war, Britain’s PM may announce the end of the era of globalization

New Delhi| There is an atmosphere of turmoil all over the world after US President Donald Trump’s decision to impose tariffs on various countries. Amidst this atmosphere, British Prime Minister Keir Starmer is going to make a big announcement on Monday. According to media reports, Keir Starmer will address the nation on Monday, in which he can announce the end of the era of globalization.

The period of globalization started after the fall of the Soviet Union
Globalization started in the world after the fall of the Soviet Union in the year 1991. Globalization flourished over the past several decades and opened up markets around the world. However, now the way Trump has announced the imposition of reciprocal tariffs, a period of uncertainty has started in the global economy. According to media reports, Starmer may announce the end of globalization on Monday. Starmer is outraged by Trump’s decision to impose tariffs and believes it could usher in a new era. According to media reports, Starmer has said that globalization is no longer providing any benefit to many people. We do not believe that trade war is the answer, but this is an opportunity to show that there can be a different path.

The head of HSBC Bank has also predicted the end of globalization
Starmer believes that now after tariffs are imposed, various countries can focus on increasing their production capacity and domestic production. Like Keir Starmer, HSBC chief Sir Mark Tucker also believes that the era of globalization is over. Last month, at an investment conference in Hong Kong, Sir Mark Tucker had said that due to Trump’s aggressive trade policies, this world can be divided into small groups, between which strong trade relations can be formed.