💨 Abstract

In response to US President Donald Trump's tariff hike on Chinese goods, Beijing increased tariffs on US imports to 125%. Global markets are tumbling, with stocks falling, the dollar sliding, and a sell-off in US government bonds. The uncertainty extends the most volatile trading since the early days of the COVID-19 pandemic. The US and Vietnam have agreed to begin formal trade talks, while Japan has set up a trade task force to visit Washington.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖