The Hindu Editorial (Safe, for now) – Nov 06, 2019

India eventually decided to play it safe by pulling out at the last minute from the Regional Comprehensive Economic Partnership (RCEP) which was finalised by 15 countries in Bangkok on Monday. For further reading, visit “The Hindu”. Below is today’s word list-1 for The Hindu Editorial (Safe, for now) – Nov 06, 2019.

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Today’s word list-1 for The Hindu Editorial (Safe, for now) – Nov 06, 2019:

opt out (phrasal verb) – decide not to participate in something.
tariff wall (noun) – a tariff designed to make imports more expensive than domestically produced products.
play it safe (phrase) – take precautions; avoid risks.
pull out (phrasal verb) – withdraw, leave, abandon.
mount (verb) – increase, grow, escalate.
across the board (phrase) – applying to all.
concede (verb) – acknowledge, accept, allow/admit.
looming (adjective) – appearing/emerging as a large/threatening one.
desperate (adjective) – urgent, pressing, compelling.
backdrop (noun) – situation, scenario, context.
trade war/dispute (noun) – a condition in which a country increase tariffs on foreign goods and impose quota restrictions to restrict other countries’ trade.
bilateral (adjective) – involving two groups or countries.
trade deficit (noun) – a trade deficit (a deficit in the balance of trade) occurs when the value of a country’s imports exceeds that of its exports. It is also called a trade gap.
whittle down (phrasal verb) – reduce, cut down, decrease/scale down (something in size gradually).
deficit (noun) – shortfall, deficiency, shortage.
free trade (noun) – a policy to eliminate barriers/limits/regulations against imports and exports.
account for (phrasal verb) – constitute, make up, comprise, form.
auto-trigger (adjective) – in auto trigger mode, the trigger will be forced if the specified conditions are not met.
surge (noun) – sudden increase, rise, growth.
pass muster (phrase) – be accepted as adequate/satisfactory.
impasse (noun) – deadlock, stalemate, stand-off.
bloc (noun) – alliance, association, union.
fallout (noun) – adverse results; after-effects, repercussions.
burnish (verb) – improve, enhance, augment/make better.
protectionist (adjective) – relating to the use of tariff and non-tariff restrictions on imports to protect domestic producers from foreign competition.
bound to (adjective) – certain/sure, very likely, guaranteed.