💨 Abstract

The U.S., EU, China, and several other countries have imposed new trade barriers on each other's goods in response to President Trump's tariffs, escalating a global trade war. The tariffs have caused stock markets to plunge, oil prices to fall, and the dollar and U.S. Treasury bonds to be dumped. The average American household could face increased costs due to the tariffs. The U.S.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖