💨 Abstract

President Donald Trump is set to sign an order on Saturday, imposing hefty new tariffs on goods from Mexico, Canada, and China, potentially sparking a trade war. The tariffs, expected to disrupt over $2.1 trillion of annual trade, could reduce U.S. growth and cause stagflation, according to a model by EY Chief Economist Greg Daco.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖