The Hindu Editorial (Upping the ante) – Sep 20, 2018

The rules-based world order for international trade appears to be in for a rougher ride yet after the administration of U.S. President Donald Trump announced this week . For further reading, visit “The Hindu”. Below is today’s word list-2 for The Hindu Editorial (Upping the ante) – Sep 20, 2018.

To read this article, click here.

This preview is provided here with permission.

Courtesy: The Hindu

Today’s word list-2 for The Hindu Editorial (Upping the ante) – Sep 20, 2018

up the ante (phrase) – to increase demands (in a tough condition) even though it has risks.
trade war (noun) – a condition in which a country increase tariffs on foreign goods and impose quota restrictions to restrict other countries’ trade.
ratchet up (verb) – to increase something by a series of small amounts.
rougher ride (phrase) – very difficult time/duration.
slap (verb) – impose, levy, add.
skirmish (noun) – fight/battle, clash, conflict.
retaliatory (adjective) – termed as a revenge against someone.
pursue (verb) – engage in, follow, conduct.
retaliatory tax (noun) – another name for punitive tax, tit-for-tat tax; 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.
to the tune of (phrase) – approx. amount (of), add up to, total of.
make good (phrase) – succeed, achieve success, be successful.
escalation (noun) – rapid increase, rise; intensification.
trajectory (noun) – course, route, path.
concur (verb) – agree, be in accord, go along.
shrinkage (noun) – reduction, drop, decline.
bilateral (adjective) – involving two groups or countries.
hyper-connected (adjective) – relating to the intense & widespread use of internet & telecommunications networks.
persist (verb) – be determined, continue/carry on, follow something through.
retreat (noun) – withdrawal, pull back, retraction.
isolationism (noun) – a policy or doctrine of trying to isolate one’s country from the affairs of other nations by declining to enter into alliances, foreign economic commitments, international agreements, and generally attempting to make one’s economy entirely self-reliant.
punitive (adjective) – high, excessive, inordinate.
myriad (adjective) – a great number, unlimited, various.
wither away (phrasal verb) – diminish, dwindle, weaken/lessen; cease to exist.
fly in the face of (phrase) – disregard, ignore, defy/disobey.
comparative advantage (noun) – a country’s ability/skill to produce a good or service for a lower opportunity cost than other countries.
stave off (verb) – avert, prevent, avoid (something dangerous or from serious situations).
parochialism (noun) – narrow-mindedness, localism, provincialism.
engender (verb) – cause, produce, create (a situation).