💨 Abstract

President Donald Trump announced plans for reciprocal tariffs, aiming to match duties imposed on US goods by other countries. This move escalates the trade war started by Trump, potentially erecting new barriers around the world's largest consumer economy, reversing decades of trade liberalization. The tariffs, details of which are not yet known, could lead to increased prices for various goods and potential countermeasures from trading partners.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖