💨 Abstract

The U.S. government plans to impose 25% tariffs on automobile imports from April 3 and auto parts from May 3, as announced by President Trump. This move could escalate a trade war, potentially upending the global economy, with countermeasures expected from close U.S. allies. Trump has kept details under wraps but is expected to announce further tariffs on a wide range of countries, including allies.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖