đź’¨ Abstract
US President Donald Trump defended his decision to increase tariffs on China to 125%, stating it was necessary due to the unsustainable trade imbalance with China. He highlighted that China made $1 trillion from trade with the US in the previous year, which he aims to reverse. Trump also announced a 90-day pause on reciprocal tariffs for 75 countries that didn't retaliate, and a lower reciprocal tariff.
Courtesy: theprint.in
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