💨 Abstract

China increased tariffs on U.S. imports to 125%, retaliating against President Trump's decision to raise duties on Chinese goods, intensifying a trade war that threatens to disrupt global supply chains. The retaliation caused global economic turmoil, with U.S. stocks and the dollar slumping, while gold and U.S. bond yields surged.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖