The Hindu Editorial (Gloves off on trade) – Jun 18, 2019

The government’s decision to finally go ahead and impose retaliatory tariffs on 29 U.S. goods with effect from June 16,… For further reading, visit “The Hindu”. Below is today’s word list-1 for The Hindu Editorial (Gloves off on trade) – Jun 18, 2019.

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Today’s word list-1 for The Hindu Editorial (Gloves off on trade) – Jun 18, 2019:

take the gloves off (phrase) – start fighting; start to react/fight in a determined/serious way.
row (noun) – fight, dispute, contention.
retaliatory tariff (noun) – punitive tariff; an extra tariff/tax that a country charges on import goods from another country to punish the another country for charging tax on its own export goods.
unambiguously (adverb) – undeniably, unquestionably, undebatably.
protectionist (adjective) – relating to the use of tariff and non-tariff restrictions on imports to protect domestic producers from foreign competition.
trigger (noun) – an event that becomes a cause/reason something.
Generalised System of Preferences (GSP) (noun) – The Generalized System of Preferences (GSP) is a U.S. trade program designed to promote economic growth in the developing world by providing preferential duty-free entry for thousands of products from 129 designated beneficiary countries and territories.
equitable (adjective) – fair, reasonable, sensible.
proclaim (verb) – declare, pronounce, announce (publicly).
notwithstanding (conjunction) – though, despite the fact that, even so, even though.
swear in (verb) – to take an oath while starting a new official job (in an official ceremony).
reflect (verb) – reveal, disclose, exhibit.
meet someone halfway (phrase) – reach a compromise, find the middle ground, make a deal.
make no bones about (phrase) -to say something straightforwardly & clearly without hiding anything even if it is an unpleasant/awkward one.
perception (noun) – insight, understanding, discernment/thoughtfulness.
overly (adverb) – excessively, inordinately, unduly.
consequence (noun) – result/outcome, repercussion, reverberations/ramification.
interlocutor (noun) – a person who takes part in a dialogue or conversation.
duress (noun) – compulsion, force, pressure.
conciliatory (adjective) – appeasing, pacifying, peacemaking.
imposition (noun) – imposing, forcing, pressing.
contend with (phrase verb) – cope/deal with, face/confront, grapple with.
ultimatum (noun) – order, rule, decree/command.
long-standing (adjective) – long-term, persistent, perennial.
strategic partnership/relationship (noun) – it is a long-term interaction between two countries based on political, economic, social and historical factors (Courtesy: IDSA (Institute for Defence Studies and Analyses)).
at stake (phrase) – at risk, at issue, in question.
founder (verb) – fail, be unsuccessful, break down/collapse.
shoals (noun) – a hidden danger.
naked (adjective) – obvious, open, evident/palpable.
zero-sum game (phrase) – zero-sum game is one in which no wealth is created or destroyed. So, in a two-player zero-sum game, whatever one player wins, the other loses.
ought to (modal verb) – must, should.
sore point (noun) – something which makes someone angry/embarrassed.
counterpart (noun) – a person who serves the same job/function but in a different location; equivalent.
curb (noun) – restraint, restriction, control.
lent past participle of lend (verb) – give, provide, offer.
bargaining chip (noun) – something which is used to negotiate with others while trying to get a deal/an agreement.
grapple with (phrasal verb) – tackle with, deal with, face/confront.