💨 Abstract

President Donald Trump announced plans to impose a 10% tariff on all imports to the U.S., escalating the trade war he initiated. The tariffs would reverse decades of trade liberalization and potentially lead to higher prices for goods from bicycles to wine. The administration claims the move will bring manufacturing capabilities back to the U.S., but experts warn it could slow the global economy and raise living costs. Financial markets have been volatile as investors await further details.

Courtesy: theprint.in

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