💨 Abstract

President Donald Trump announced a temporary reduction of tariffs on many countries while increasing them on China. This sudden reversal led to a 6% increase in U.S. stocks. The tariffs on Chinese imports will rise to 125% from the current 104%. Tariffs on other countries will be suspended for 90 days for negotiations. A 10% blanket duty on most U.S. imports will remain.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖