💨 Abstract

The global trade war intensified on Tuesday as the U.S. threatened to raise tariffs on China to over 100%, prompting a rebuke from Beijing. The EU also proposed counter-tariffs on U.S. goods, including soybeans, nuts, and sausages. Stock markets, which had been battered earlier in the week, steadied as business leaders urged President Trump to reverse course.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖