💨 Abstract

A global trade war escalated as the U.S. threatened to impose an additional 50% duty on Chinese imports in response to Beijing's reciprocal tariffs. China vowed to fight back, while the European Union proposed counter-tariffs of its own. Stock markets stabilized after a volatile period, and Japan's Nikkei index rebounded. The EU urged the U.S.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖