💨 Abstract

The US Secretary of the Treasury, Scott Bessent, announced a 125% increase in tariffs on China, citing China as a "bad actor" in global trade and a major contributor to economic imbalances. The move follows China's increase of tariffs on US goods, and negotiations with China's neighbors like Japan, South Korea, and India are underway.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖