💨 Abstract

President Donald Trump has announced a 90-day pause on many of his new tariffs, while increasing tariffs on Chinese imports to 125%. This decision comes after steep new tariffs were imposed on imports from various trading partners, causing market volatility and increasing recession risks. Details on the tariff reduction for other countries are not immediately clear, but stock indexes jumped on the news. The move is aimed at easing trade tensions.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖