💨 Abstract

President Donald Trump announced plans for sweeping new tariffs, expected to be significant and target a wide range of countries, potentially escalating a trade war, increasing prices, and upending decades-old trade orders. The tariffs, which include a 25% global tariff on auto imports, are scheduled to take effect immediately after the announcement, with a separate auto tariff set for April 3.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖