💨 Abstract

US President Donald Trump has temporarily paused additional tariffs imposed on over 60 countries, while increasing duties on China to 125 percent. This move follows pushback from Wall Street and allies, as well as negotiations with other countries. The tariffs on China were increased due to China's imposition of 84 percent tariffs on American goods. The reversal has led to a rally in US stock markets and a surge in Asian stock markets.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖