💨 Abstract

China increased tariffs on U.S. imports to 125%, responding to President Trump's hike in duties on Chinese goods. The escalating trade war between the world's two largest economies threatens to disrupt global supply chains, causing market turmoil and increasing recession risks. The U.S. administration is pursuing new trade deals with other countries to justify its policy changes, but analysts warn that goods trade between the U.S.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖