💨 Abstract

On Monday, the US dollar surged, reaching multi-year lows for the Canadian dollar and Mexican peso, and a record low for China's offshore yuan, following US President Trump's imposition of tariffs. The euro and Swiss franc also dropped significantly. Canada, Mexico, and China vowed retaliatory measures, and the early implementation of tariffs surprised markets, potentially leading to a contraction in global trade.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖