💨 Abstract

US President Donald Trump announced sweeping tariffs on all countries, effective April 5, with a 10% base tariff. Countries with large trade deficits will face higher, individualized tariffs from April 9. The tariffs are intended to address a national emergency caused by trade imbalances, lack of reciprocity, and harmful policies like currency manipulation and high VAT.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖