💨 Abstract

President Trump's trade policy, marked by tariffs on various countries, has caused global economic instability and a US economic contraction. Key partners such as China, Mexico, Canada, and Europe have retaliated with their own tariffs. Trump imposed a 100% tariff on foreign movies and threatened to impose tariffs on European wine and spirits. He has also proposed a phased rollout of universal tariffs on all US imports.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖