💨 Abstract
The HSBC Research report predicts a significant slowdown in global trade due to the reciprocal tariffs imposed by US President Trump, as per the April 3rd ANI report. The report forecasts a decline in world export volume from 2.9% in 2024 to 1.3% in 2025-26, primarily due to weaker demand in the US and global uncertainty.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
Suggested
Putin envoy Dmitriev sees 'positive dynamic' in U.S.-Russia relations
Argentina Senate rejects Milei nominees to top court
Mexico says 'cool-headed' approach to Trump's tariffs has paid off
Canada announces 25% tariff on US vehicle imports in retaliation to Trump's move
IMF chief Kristalina Georgieva warns US tariffs pose "significant risk to global outlook"
Russian air defences repel drone approaching Moscow, mayor says
Russian drone attack hits Kharkiv homes, kills at least two, injures 32
Trump's global tariffs hurt China with 'all-round blockade'
Rajya Sabha confirms imposition of President's rule in Manipur
RS adjourns after marathon 17-hour sitting, to meet again at 11 am Friday
Powered by MessengerX.io