💨 Abstract

Global markets reacted apprehensively to Donald Trump's presidency, with a focus on his plans for trade relations and tariffs. President Trump announced potential 25% tariffs on Mexico and Canada, causing the Mexican peso and Canadian dollar to depreciate. Trump also intends to reverse the U.S. trade deficit with the European Union and European carmakers will be under scrutiny.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖