💨 Abstract

President Donald Trump announced plans for hefty new tariffs on goods from Mexico, Canada, and China, with a 25% tariff on goods from the first two and 10% on China. Trump indicated wider tariffs on oil and natural gas from Canada may be coming in mid-February. Trump acknowledged potential cost increases for consumers and disruptions in the short term.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖