💨 Abstract

The article discusses President Trump's announced tariffs on imports, which have sparked global condemnation and a plunge in financial markets. These tariffs would be the highest in over a century, with a 10% baseline and higher targeted duties on major trading partners. This could lead to steep price increases for various goods in the U.S., including iPhones and running shoes. Countries worldwide, including China and the EU, have threatened retaliation.

Courtesy: theprint.in

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