The global economic landscape is currently marked by significant trade tensions and a resurgence of economic nationalism. This environment, characterized by increased tariffs and policy uncertainty, is leading to a slowdown in global economic growth.Key aspects include:• Trade Wars: The US is actively engaged in trade disputes with major partners like China, India, and Canada, imposing substantial tariffs on a wide range of goods. These actions are driven by protectionist policies and, in some cases, geopolitical objectives such as pressuring countries over their energy imports.• Economic Nationalism: This ideology prioritizes national economic interests, manifesting as protectionism, state capitalism, and stricter scrutiny of foreign investment. It challenges the traditional multilateral trading system, fostering a shift towards bilateral agreements and the formation of distinct trade blocs.• Supply Chain Resilience: Businesses are responding to these disruptions by adopting agile supply chain strategies, increasing digital transformation, and leveraging technologies like generative AI for planning and maintenance. There's a notable trend toward reshoring and nearshoring production to reduce risks and enhance resilience.• Global Impact: The trade conflicts cause supply chain disruptions, raise operating costs for businesses, and impact consumer prices. While some emerging economies like India have seen opportunities due to trade diversion, they also face challenges like market access limitations and potential GDP slowdowns. The uncertainty generated by these policies is reshaping international relations and global power dynamics.