💨 Abstract

US President Donald Trump has made various tariff threats since re-entering office, including broad tariffs on all US imports and targeted tariffs on specific sectors or countries. These threats have led to uncertainty in global markets. Trump has proposed reciprocal tariffs on countries that tax US imports, and has threatened to impose tariffs on goods from Mexico, Canada, China, Europe, and other countries. His policies are expected to be inflationary and could lead to a worldwide trade war.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖