💨 Abstract

The U.S. will impose 104% tariffs on Chinese imports starting shortly after midnight, despite Trump initiating trade talks with other countries. This move has caused a fourth consecutive drop in U.S. stocks, with the S&P 500 falling below 5,000 for the first time in a year. Global markets, including Japan and other Asian markets, are expected to fall.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖