💨 Abstract

In a significant escalation of the trade war, President Donald Trump announced on Monday that higher U.S. tariffs will commence on August 1 for 14 countries, including major trading partners like Japan and South Korea. The tariffs, outlined in letters to the affected nations, range from 25% to 40%. The move extends Trump's earlier trade war, pushing the globe into a new phase of economic uncertainty. Major markets reacted negatively, with U.S.

Courtesy: theprint.in