💨 Abstract

President Trump announced a 10% minimum tariff on most goods imported to the US, with higher duties on products from dozens of countries, escalating a global trade war. Allies such as the EU and Japan were targeted with tariffs of 20% and 24% respectively. The tariffs threaten to drive up inflation, stall economic growth, and increase living costs for the average US family by thousands of dollars.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖