💨 Abstract

President Donald Trump's tariffs on imports have triggered a global trade turmoil, causing a 10% drop in U.S. stocks. Despite this, top economic advisor Kevin Hassett and Treasury Secretary Scott Bessent have downplayed the possibility of a recession. Hassett claims more than 50 countries have reached out to the White House for trade talks, with Taiwan offering zero tariffs as a basis for discussion.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖