💨 Abstract

President Donald Trump imposed a 25% tariff on imported cars and light trucks starting next week, causing the euro to weaken to a three-week low and the yen to be steady against the dollar. Investors are worried about potential dent in U.S. growth and inflation, but recent prospects of narrower-than-feared tariffs have buoyed sentiment.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖