💨 Abstract

Oil prices fell to a two-month low on Tuesday due to negative economic news from the U.S. and Germany, exacerbated by concerns over U.S. President Trump's trade tariffs. Consumer confidence in the U.S. dropped sharply, and the Federal Reserve expressed concerns about higher import tariffs boosting inflation. Trump confirmed the imposition of tariffs on Canadian and Mexican imports from March 4.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖