💨 Abstract

China announced a 34% tariff on U.S. goods, the most severe escalation in the ongoing trade war between the world's top two economies, causing global stock market rout and raising fears of a recession. Beijing also imposed export controls on rare-earths to the U.S. and added 11 entities to the "unreliable entity" list for punitive actions.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖