💨 Abstract

President Donald Trump announced 25% tariffs on Canadian and Mexican imports, and 10% on Chinese goods starting Tuesday, citing a national emergency over drug fentanyl and illegal immigration. Canada, Mexico, and the U.S. auto industry, among others, have strongly criticized the move, warning of negative economic consequences. The tariffs threaten to disrupt supply chains, increase consumer prices, and provoke retaliation.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖