💨 Abstract

President Trump, on his first day in office, directed federal agencies to investigate and address persistent US trade deficits and unfair practices. He aims to collect income from foreign trade duties and make America a manufacturing powerhouse. Tariffs on global imports and China are expected, but not immediately imposed. Agencies are also to assess China's adherence to the Phase 1 trade deal. The policy shift has prompted a relief rally in global stocks and foreign currencies against the dollar.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖