💨 Abstract

China retaliated to new US tariffs by imposing levies on $21 billion worth of US agricultural and food products. China also imposed export and investment curbs on 25 US companies, avoiding targeting household names. The US tariffs, in response to drug flow concerns, are part of an escalating trade war between the world's top two economies, with each side accusing the other of "blackmail."

Courtesy: theprint.in

Summarized by Einstein Beta 🤖