Latest issue of the JSBF report. Global trade tensions are reshaping the future of emerging markets. From India’s "Make in India" initiative to Trump’s renewed tariff threats, protectionist policies are triggering ripple effects across currencies, foreign investments, and diplomatic relations. While tariffs promise short-term security for domestic industries, they often spark inflation, capital flight, and global instability. In this issue discover why tariffs are both a shield and a sword, and what’s really at stake for emerging markets in today’s volatile global economy.

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