A UN trade official warns that escalating US tariffs and China’s retaliation could shrink global trade by 3%, prompting shifts in export flows towards emerging economies like India and Brazil. The tariff war is causing supply chain reorientation, impacting developing nations reliant on sectors like textiles. Experts suggest China is strategically positioning itself for long-term advantage amidst the trade tensions.

The amount of Rs. 515.31 crore was attached by Directorate of Enforcement (ED) in the years 2015-17 by investigating money trail and tracing 2,987 different bank accounts.

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