💨 Abstract

President Trump's increased tariffs on numerous countries, including China with 104% duties, deepened the global trade war on Wednesday. Trump's tariffs have shaken global trade, raised recession fears, and caused worldwide stock market drops. The S&P 500 lost nearly $6 trillion since the tariffs were announced, nearing a bear market. Asian markets, including Japan and South Korea, also experienced significant declines.

Courtesy: theprint.in

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