💨 Abstract

The S&P Global Ratings' report suggests that the proposed tariffs by the Trump administration would lead to negative effects such as slower GDP growth, higher unemployment and inflation, and a stronger US dollar. The impacts on the US are smaller compared to trading partners. The administration has proposed a 25% tariff on goods from Canada, Mexico, and an additional 10% tariff on goods from China.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖