💨 Abstract

Trump is expected to impose sweeping new reciprocal tariffs on global trading partners on Wednesday, upending decades of rules-based trade. The tariff plans, known as "America's Liberation Day," may include a 20% universal tariff and could lead to cost increases, retaliation, and negative impacts on the world economy. The details are still being formulated, but the moves are intended to equalize lower U.S.

Courtesy: theprint.in

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