💨 Abstract

President Donald Trump announced tariffs on imports, prompting global financial market losses. He indicated that foreign governments would have to pay to lift tariffs, which he referred to as "medicine." Trump has spoken with European and Asian leaders, who are seeking to convince him to lower tariffs. The tariffs could lead to higher prices, weaker demand, lower confidence, and potentially a global recession.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖