💨 Abstract

President Donald Trump temporarily lowered duties on dozens of countries while increasing pressure on China, causing U.S. stocks to surge. Trump's decision followed market volatility and a surge in U.S. government bond yields. The tariffs on other countries are suspended for three months for negotiations, but a 10% blanket duty on most imports remains. Trump also raised the tariff on Chinese imports to 125%.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖