💨 Abstract

President Donald Trump announced plans to further increase tariffs on China, escalating a trade war that has already caused trillions of dollars in losses to global markets. The threat of additional 50% tariffs on U.S. imports from China could lead to a global recession, according to Goldman Sachs. Asian and European shares plunged, while U.S. stocks briefly halted their downward slide before turning negative again.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖