💨 Abstract

President Donald Trump has threatened to impose additional 50% tariffs on Chinese goods if China does not withdraw a recent 34% retaliatory tariff hike by April 8. Trump warned of immediate countermeasures if not reversed and stated that all talks with China would be terminated. Global markets are reacting sharply to the escalating tariff actions, with U.S. benchmark indices and Asian and European markets recording steep losses.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖