💨 Abstract

President Trump, during his inauguration, announced his intention to consider imposing 25% tariffs on imports from Canada and Mexico starting February 1, due to alleged illegal immigration and fentanyl issues. However, he did not immediately impose the tariffs. Trump also directed federal agencies to investigate trade deficits and unfair trade practices. He aims to reverse the trade deficit with the EU through tariffs or increased energy exports.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖