💨 Abstract

President Donald Trump imposed tariffs on China, Mexico, and Canada, causing their respective currencies to plummet to record or multi-year lows. The U.S. dollar also gained, with the euro and Swiss franc dropping to two-year and May lows respectively. The tariffs, aimed at combating illegal immigration and the drug trade, could lead to a destructive global trade war and increased U.S.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖