External Affairs Minister S Jaishankar has urged members of the Global South to reduce dependence on any single supplier or market by setting up streamlined supply chains while promoting fair economic practices. He also stated that Global South countries should enhance South-South trade and collaboration in the field of technology.

Jaishankar’s comments come at a time when US President Donald Trump’s move to impose stiff tariffs on his country’s trading partners has rattled the global economy. Trump has imposed a 25 per cent retaliatory tariff on India over its purchase of Russian oil, which, along with the earlier 25 per cent reciprocal tariff, has pushed the US tariff rate on Indian goods to 50 per cent.

‘Global South facing tough challenges’

Speaking at a meeting of Like-Minded Globa

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